June 2024 Report Highlights Diverging Inflation Forecasts Among Sectors
The Central Bank of the Republic of Turkiye (CBRT) has published its “Sectoral Inflation Expectations” report for June 2024. The report indicates a decrease in 12-month forward inflation expectations among market participants and households, while the real sector anticipates a slight increase.
Derived from the Market Participants Survey, the Economic Outlook Survey, and the Consumer Confidence Survey conducted in collaboration with the Turkish Statistical Institute (TUIK), the Sectoral Inflation Expectations provide insights from financial and real sector experts, manufacturing industry firms, and households.
According to the report, market participants’ 12-month forward inflation expectations fell by 1.4 points to 31.8%, and household expectations decreased by 4.6 points to 71.5%. Conversely, the real sector’s expectations rose by 0.2 points, reaching 56.2%.
Additionally, the proportion of households expecting inflation to decrease in the next 12 months increased by 2.4 points from the previous month, reaching 33.5%.
Source: Trthaber / Prepared by Irem Yildiz