Inflation, PMI data to be released this week

This week will see the release of some important macroeconomic data for the Turkish economy, including monthly and annual inflation statistics. On July 3, the Turkish Statistics Institute (TÜİK) will unveil highly anticipated consumer price inflation numbers. Most economists expect the consumer price index to increase 2.2 percent in June from the previous month. Should this expectation materialize, the annual inflation rate will come in at 72.6 percent. Consumer prices advanced 3.37 percent month-on-month in May, which brought annual inflation …