October Inflation Announced: Monthly 2.58%, Annual 29.77%

The Turkish Statistical Institute (TÜİK) announced inflation data for October. Accordingly, consumer prices increased by 2.58% in October compared to the previous month. Annual inflation was realized as 29.77%. Thus, the rate of price increase was recorded at this level on an annual basis. According to the data announced by TÜİK, core inflation was 28.28%. It was noteworthy that the core indicator remained below headline inflation. The announced rates are expected to directly affect many bill items. Inflation data serve as a reference for economic actors' price expectations and contract updates. Not investment advice.

📊 EURTRY — Piyasa Yorumu

▲ up · 55%

October inflation came in at 2.58% month-on-month and 29.77% year-on-year, keeping depreciation pressure on the Turkish lira alive and supporting the upward trend in EURTRY. On the technical side, price is trading above the SMA20 and SMA50, RSI is around 60 without entering overbought territory, and MACD is very close to its signal line, indicating neutral-to-positive momentum. With the 24-hour change limited at 0.1%, the news impact may be priced in gradually. In the short term, holding above 56.0 would favor further upside; however, the possibility that the inflation data is largely priced in and uncertainty over the central bank's response create risk. Therefore, while I see the direction as upward, I keep confidence at a moderate level.

RSI 14

60.2

MACD

0.02

24h Δ

0.10%

Canlı Grafikler