ISTANBUL (Reuters) -Turkey’s monthly inflation rate is expected to be 2.6% in September, driven by hikes in education and food prices, while the annual rate is seen dipping to 32.5%, a Reuters poll showed on Friday.
The median estimate of 13 economists showed monthly inflation rising to 2.6% from 2.04% in August. Forecasts ranged from 2.3% to 3.5%. Year-on-year inflation forecasts ranged between 32.09% and 33.6%, down from 32.95% in August.
Economists said price hikes for education and related services as the school year started, as well as price hikes of eggs, meat and other food basket items, will impact September inflation.
Morgan Stanley said the inflation data will be closely watched, with the central bank recently highlighting food and services-related inflationary pressures.
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