Inflation expectations rise, Central Bank survey shows
The forecast for year-end consumer price inflation rose to more than 9 percent, a broad-based survey by the Central Bank said Monday. Annual inflation rose for four consecutive months, from 7 percent in November to 10.13 percent in February, the first time it hit double digits in nearly five years. The lira reached a historical high of 3.9423 to the dollar in early January,
creating a challenge for policymakers as the depreciation means more expensive imported products and price hikes. The report showed the inflation forecast for March 2018 was 8.15 percent and
7.7 percent for March 2019, suggesting expectations are growing that inflation will ease in the medium term.