The CBRT published the “Sectoral Inflation Expectations” survey for June today. It is reflected in the expectations that the dollar remains stable and no step back from the monetary policy is reflected.
The expectation of inflation after 12 months after the household declined by 6.9 percent to 53 percent. The real sector, representing the industrialist and producer, declined by 1.2 points to 39.8 percent. The expectation of market participants decreased to 24.6 percent.
Treasury and Finance Minister Mehmet Simsek evaluating the data, the difference between households and market expectations to the lowest level of the last 6 years, he said. Minister Simsek stressed that this is an important development in terms of breaking inflation inertia.
Minister Şimşek’s evaluation is as follows;
“In June, inflation expectations have declined in all segments. The inflation expectation of the households decreased by 7 points compared to the previous month, 19 points decreased compared to the same period last year. The decrease in inflation expectations of real sector and market participants continued.
The difference between households and market expectations to the lowest level of approximately 6 years is an important development in terms of breaking the inflation inertia. This improvement in expectations shows that the program we implement is progressing towards its target with effective and determined steps. With the decrease in geopolitical tensions, oil prices are stretching.
With the continuation of the decline in inflation, domestic financial conditions will become more supportive for the real sector. “