Turkish consumer price inflation matched expectations in June, with annual inflation easing to 32.11% after two months of faster price growth, data from the Turkish Statistical Institute showed on Friday.
The monthly reading was 0.99%, matching a Reuters poll forecast, while the annual rate was also in line with economists' expectations of 32.1%. Consumer prices had risen 1.71% month-on-month in May, while annual inflation stood at 32.61%.
The data also showed the domestic producer price index rose 1.80% month-on-month in June for an annual increase of 28.09%.
Ahead of the data, ING said that if June inflation confirmed that disinflation had resumed, the central bank could restart weekly repo auctions and bring the weighted average cost of funding closer to the 37% policy rate.
Turkey's central bank raised its end-2026 inflation forecast to 24% from 16% in its quarterly inflation report published in May, saying the short-term inflationary effects of the would remain "pronounced".
Central Bank Governor Fatih Karahan has said the duration of regional tensions and any disruption to energy supplies would be key to assessing the inflationary impact.