Inflation Slows for 3rd Month but Risks Remain as Turkey Raises Prices
• Inflation rate expected to fall for 3rd straight month in December to 33.4% from 34.6% in November • Lower food prices contributing to slowing inflation, but risks growing again due to recent price hikes • Government raised prices on metro tickets, internet services, and electricity by up to 33% • Further currency devaluation seems likely as part of IMF deal, may rekindle inflation • Median forecast sees core inflation dropping to 34.05% in December from 35.9% in November