Turkish cenbank sees high food prices hitting November inflation

ISTANBUL (Reuters) – The Turkish Central Bank said on Thursday that the impact of food prices on consumer inflation will remain prominent in November, while monthly consumer inflation excluding food displays a more favorable track.

In minutes of last week’s policy meeting, where it kept its key rate steady at 50%, the bank said signs of an improvement in services inflation have become more apparent while monthly price increases in the services group lost pace in October.