At 09:00 (GMT+2), Turkey will publish the July consumer price index (CPI), which is the main indicator of the level of inflation in the country, reflecting the change in the cost of a certain "basket" of goods and services: food, transport, utilities, healthcare, and so on. It has a significant impact on the decisions of the Central Bank of the Republic of Turkey regarding adjustments to monetary policy. If the indicator grows from 1.64% MoM and from 71.60% YoY, this will put pressure on the position of the national currency.
