Turkey Central Bank Survey Sees End-2010 Cpı +8.57%
The annual rate of inflation in Turkey is predicted to come in at 8.57% by the end of 2010, up from the previous estimate of 8.15%, a survey by the country's central bank showed Thursday.
The central bank's twice-monthly poll of business leaderseconomists also put May's expected monthly inflation rate at 0.65%, lower than the previous estimate of 0.70%.
The latest official data showed consumer prices rising 0.60% on the month in April, taking the annual inflation rate to 10.19%.
Turkey's gross domestic product this year is expected to grow 4.6%, the survey showed, up from the previous forecast of a 4.4% rise.
In the fourth quarter of 2009, Turkish GDP grew an annual 6% after a 2.9% contraction in the third quarter.
The country's GDP contracted 4.7% in 2009.
(YC-YC-E-ENG)