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Turkish cenbank sees high food prices hitting November inflation

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November 28, 2024
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Turkish cenbank sees high food prices hitting November inflation
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ISTANBUL (Reuters) – The Turkish Central Bank said on Thursday that the impact of food prices on consumer inflation will remain prominent in November, while monthly consumer inflation excluding food displays a more favorable track.

In minutes of last week’s policy meeting, where it kept its key rate steady at 50%, the bank said signs of an improvement in services inflation have become more apparent while monthly price increases in the services group lost pace in October.

This post appeared first on investing.com

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