The results of the Central Bank’s expectations survey, released on Thursday afternoon, said that inflation would reach 9.55 percent by the end of the year.
This was 1.1 percent higher than the expectations from the previous survey, released in late April, which indicated the consumer price index would increase by 8.44 percent for the year.
As of the end of April, consumer inflation was running at an annualized rate of 9.66 percent, while the wholesale priced index shot up to 14.56 percent, fuelled by a 4.5 percent increase in April.
The bank’s survey also showed Turkey’s current account deficit was expected to increase to $44.93 billion, up from the $43.93 billion predicted in the previous survey.
The survey also revealed that the U.S. dollar is expected to reach 1.3534 YTL at the end of this year.
