Citibank: Turkey's end-of-year inflation rate is expected to be around 29%.

Citigroup Group expects Turkey's year-end inflation rate to be around 29%, with overall inflation risk leaning towards an upward trend due to the rise in energy prices. Citigroup economists Ilker Domac and Gultekin Isiklar wrote in a report on Friday: "The macroeconomic environment, already severe due to the conflicts in the Middle East, has become even more complex for the inflation outlook."