Remarkable gap in inflation expectations
According to the Central Bank of the Republic of Turkey (CBRT) survey, 12-month-ahead annual inflation expectations in June were 31.8 percent for market participants and 56.2 percent for the real sector.
The newly published survey of the Central Bank of the Republic of Turkey (CBRT) showed that the inflation expectations of the price makers in the economy are much higher than the inflation expectations of market participants.
According to the sectoral inflation expectations report published by the CBRT, the 12-month-ahead annual inflation expectation of market participants decreased by 1.4 points to 31.8 percent as of June.
On the other hand, expectations in the real sector increased. According to the report, the annual inflation expectation of real sector representatives for the next 12 months increased by 0.2 points to 56.2 percent.
While households’ inflation expectations decreased, the expectation was realized well above both segments.
In June, 12-month-ahead annual inflation expectations for households decreased by 4.6 points to 71.5 percent.
The proportion of households expecting a decrease in inflation in the next 12 months increased by 2.4 points compared to the previous month and realized as 33.5 percent.
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