October Inflation Rises 2.58% Month-on-Month

According to data released by the Turkish Statistical Institute (TÜİK), the Consumer Price Index (CPI) rose by 2.58% in October compared to the previous month. On an annual basis, inflation stood at 29.77%. Cumulative inflation since the beginning of the year was recorded at 27.52%. This data shows the accumulated increase in the general price level during the first ten months of the year. Meanwhile, the inflation rate based on 12-month averages was calculated at 31.23%. This indicator is monitored for its reflection of long-term price stability trends. The monthly and annual increases in the CPI are among the key indicators closely watched for monetary policy and market expectations. Not investment advice.

📊 EURTRY — Piyasa Yorumu

▲ up · 55%

October inflation rising 2.58% month-on-month keeps real depreciation pressure on the Turkish lira alive and could support the upward bias in EURTRY. However, the price is already at 55.99, just above the SMA20 and SMA50, while the RSI at 54 sits in neutral territory; MACD remaining below its signal line indicates weak momentum. For this reason, the news alone may not produce a strong breakout; limited upward movement or sideways trading over the next 1-3 days is more likely. Resistance should be watched in the 56.10-56.30 band, with support around 55.90. If the inflation surprise is already priced in, the reaction may remain muted.

RSI 14

54.2

MACD

0.01

24h Δ

0.01%

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