The rise in Turkish inflation in May, to 8.1% y/y, was driven by a pick-up in core price pressures and provides further evidence that the economy’s inflation problems are escalating. Elsewhere, Hungary’s retail sales figures for April suggest that, while March’s ban on Sunday trading hasn’t had much impact on aggregate consumer spending, it does seem to have led to a shift in the pattern of spending.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.