Turkey Inflation Returns to Double Digits and May Stay There

Turkish inflation returned to double digits in November, possibly limiting the central bank’s ability to continue aggressively cutting interest rates.

Consumer prices grew 10.6% from a year earlier, compared with an increase of 8.6% in October, the Turkish statistics agency said on Tuesday. The median of 21 forecasts in a Bloomberg survey was 11%. Prices rose 0.4% in the month.