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the decline in
Expected inflation expectations was more considerable and the
Observed inflation
Annual inflation
increase in the estimates of observed inflation
was much less
382
03.02.2021
Inflation expectations remain elevated
3 February 2021
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In January 2021, households’ inflation expectations, following their upsurge last year, dropped noticeably,
383
27.01.2021
in annual inflation in December 2020, ranging from 1.9% in Chukotka to 7.3% in the Republic of Dagestan. The nation-wide average inflation rose
2 volatile or regulated components2 (underlying
GROWTH, INFLATION, CORE AND UNDERLYING inflation indicators; Table 1). However, they
INFLATION
Размер графика – 63х82
% GROWTH, ON THE SAME
385
20.01.2021
Inflation rises to 4.9% in December
20 January 2021
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Annual inflation sped up to 4.9% in December 2020,
for respondents
Expected inflation both with and without savings (Chart 2).
Observed inflation
Annual inflation
As in November, the growth of inflation
expected and observed
387
24.12.2020
heightened levels. Analysts’ inflation forecasts for 2021 and 2022 were little changed.
Further details are given in the information and analytical commentary Inflation Expectations and
by
10-90 percentiles 25-75 percentiles
Median Inflation Turkey’s imposing zero customs duties on the
Core inflation Underlying inflation import of sunflower seeds. Potato price
Chart 2
INFLATION, CORE AND UNDERLYING INFLATION calculated net of volatile and regulated
63х82
% GROWTH, ON THE SAME MONTH LAST YEAR components2 (underlying inflation indicators
390
10.12.2020
Situation in certain food markets affects inflation in November
10 December 2020
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In November 2020, annual inflation rose to 4.