Turkish Food Price Spoiler Could Spell End of Inflation Slowdown
By Cagan Koc
A runup in Turkey’s food costs is threatening to halt a broader deceleration in price growth.
Shortages last month caused by flash floods in Antalya, a hub for greenhouse farming, are making matters worse after the rapid depreciation of the lira in August raised the cost of food imports and transportation. Data due Monday will show inflation stalled in January at 20.3 percent from a year earlier, according to the median of 23 forecasts in a Bloomberg survey of economists.
More:Turkish Food Price Spoiler Could Spell End of Inflation Slowdown - Bloomberg