【环球财经】土耳其通胀率连续14个月回落 7月降至33.52%

Core Viewpoint - Turkey's annual inflation rate unexpectedly decreased to 33.52% in July, marking the 14th consecutive month of decline since the peak in May of the previous year [1] Inflation Data - July's Consumer Price Index (CPI) increased by 2.06% month-on-month, lower than market expectations, compared to a 1.37% increase in June and a year-on-year increase of 35.05% [1] - Key contributors to monthly inflation included a rise in transportation prices by 2.89%, alcoholic beverages and tobacco prices by 5.69%, and housing prices by 5.78% [1] Monetary Policy Implications - The ongoing release of inflationary pressure creates favorable conditions for monetary easing, leading the Central Bank of Turkey to cut the policy rate by 300 basis points, restarting the easing cycle after a pause in April due to financial and political turmoil [1] - The Central Bank expressed increased confidence in the trend of declining inflation, with expectations that inflation could fall to a range of 24%-29% by the end of the year [1] Producer Price Index - In July, the Producer Price Index (PPI) rose by 1.73% month-on-month and 24.19% year-on-year [1]