Households’ inflation expectations improve in July
The 12-month-ahead annual inflation expectations of households decreased by 1.19 percentage points to 44.94 percent in July compared to the previous month, a Central Bank survey showed on July 24.
The percentage of households expecting the inflation rate to decrease in the next 12 months increased by 1.93 points to 17.63 percent, according to the survey.
Meanwhile, 12-month-ahead annual inflation expectations increased by 0.14 points to 23.95 percent for market participants but decreased by 0.60 points to 32.50 percent for the real sector.
Despite the uncertainties created by geopolitical developments, households’ 12-month-ahead annual inflation expectations have declined by a total of 6.6 percentage points over the last three months, while real sector expectations have fallen by 1.2 percentage points, said Finance Minister Mehmet Şimşek, commenting on the survey results.
