Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favorable base effect that is expected to carry on until President Tayyip Erdogan seeks re-election in May.
Month-on-month, consumer prices rose 6.65%, the Turkish Statistical Institute said, nearly twice a Reuters poll forecast of 3.8%. Annually, consumer price inflation was forecast to be 53.5%.
