Press Release on Summary of the Monetary Policy Committee Meeting (2020-36)
(WorldNews Turkey)

Press Release on Summary of the Monetary Policy Committee Meeting 2 July 2020, No: 2020-36 Meeting Date: 25 June 2020 Inflation Developments 1. In May, consumer prices increased by 1.36% and annual inflation rose by 0.45 points to 11.39%. In this period, as underlined in the May MPC meeting summary, food inflation increased due to unprocessed food prices. Although energy inflation increased on the back of international oil prices, it continued to restrain consumer inflation. While the depreciation in the Turkish lira had reflections on the core goods, primarily the durable goods inflation, the slowdown in services inflation continued, led by items that experienced a disruption in activity...