Energy price hikes to contribute 35-40 bp to inflation

Dünya Executive - - OVERVIEW -

Turkey’s dec s on to ra se natural gas and electr c ty pr ces are expected to have around a 35-40 bas s po nt mpact on annual nflat on, econom sts sa d on August 1, a day after the Central Bank announced a rev sed annual nflat on forecast of 13.4 percent. On July 31, sources sa d Turk sh state p pel ne operator Botas would ra se the pr ce of natural gas used for electr c ty product on by 50 percent from August 1 due to a weaker l ra push ng o l and natural gas pr ces h gher. Botas later sa d t had also ra sed natural gas pr ces for res dent al use by 9 percent, effect ve on August 1.

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