Turkey-prices.

Turkey’s consumer price index is expected to rise above 12% in June from 11.4% the month before, a Reuters poll showed yesterday, after the central bank cited upward pressure on prices in halting its policy easing cycle. For the end of the year, the median inflation estimate of 11 economists was 9.5%, compared to the central bank’s forecast of 7.4%. Turkish inflation, which reached a 15-year high in October 2018, has declined sharply since then, hitting single digits briefly last year. It has since risen and hovered around 11% even as the central bank aggressively cut interest rates.