Very high inflation may be the new normal in Turkey

Inflation rates many times faster than world averages is likely to continue and could evolve into a chronic condition

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In this article

  • Exchange-rate effect
  • Conventional response
  • Recent surge
  • Short-term outlook
  • Low-interest-rate policy
  • Negative real rates
  • Companies' costs
  • External balances
  • Inflationary spiral
  • Medium-term outlook

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.