By Akin Nazli in Belgrade Turkey’s consumer price index (CPI) inflation officially stood at 49% y/y in September versus 52% y/y in August, the Turkish Statistical Institute (TUIK, or TurkStat) said on October 3 (chart). TUIK’s inflation series peaked at 75.45% in May. It has quickly fallen back to the 40%s thanks to the base effect. But putting out a headline figure of below 40% would perhaps prove too much of a stretch even for the country’s infamous statistical institute. At 49% y/y, Turkey fell to sixth place in the world inflation league. The Istanbul-based ENAG inflation research group of…