Turkish households' and real sector's inflation expectations edged down in July, while forecasts by market participants rose slightly, a survey showed on Friday.
The Central Bank of the Republic of Türkiye (CBRT) said expectations for inflation in 12 months time fell 0.6 percentage points from the previous month to 32.50% among the real sector and 1.19 percentage points to 44.94% among households.
Expectations among market participants rose 0.14 percentage points to 23.95%, the survey showed.
The share of households expecting inflation to decline over the next 12 months increased by 1.93 percentage points to 17.63%.
Treasury and Finance Minister Mehmet Şimşek said household inflation expectations had fallen by a cumulative 6.6 percentage points over the past three months, while real-sector expectations had declined by 1.2 percentage points, despite uncertainty stemming from geopolitical developments.
