(TR inflation YoY - US inflation YoY) vs. USDTRY YoY growthCrude check to see whether (TR inflation YoY - US inflation YoY) has close correlation with USDTRY YoY growth
About Turkey Inflation Rate YoY
In Turkey, the most important categories in the Consumer Price Index are Food & Non-alcoholic Beverages (25% of the total weight); Transportation (17%); Housing, Water, Electricity, Gas & Other Fuels (14%). Others include: Furnishings, Household Equipment & Routine Maintenance (9%); Hotels, Cafes & Restaurants (7%); Clothing & Footwear (6%); and Miscellaneous Goods & Services (5%). The index also includes: Alcoholic Beverages & Tobacco (4%), Communications (4%) and Education (2%).
Dealing with Inflation the Turkish WayInflation is running hot in Turkey at 21% YoY & soon to surpass the 2019 high of 25%. And yesterday the central bank, or dare we say President Erdogan, cut the weekly repo rate by 100 bp to 14%. His theory is that lower rates will tame inflation. And the Turkish Lira promptly hit an all-time low
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Frequently Asked Questions
The highest figure Turkey Inflation Rate YoY has ever reached is 138.71%.
The lowest ever Turkey Inflation Rate YoY is −4.01%.