Saygili, Hulya2024-07-052024-07-0520232110-70172542-686910.1016/j.inteco.2023.02.0012-s2.0-85149762606https://doi.org/10.1016/j.inteco.2023.02.001https://hdl.handle.net/20.500.14411/4119This paper examines the significance of real and monetary integrations for the inflationary dynamics of an emerging country, Turkey. The analysis accounts for 2-digit items of CPI inflation, which can be broadly categorized as tradable versus non-tradable and goods versus services. We find that a fall in the inflation gap between partner countries is mainly related to real integration whereas the co-movement of inflation is prominently driven by monetary policy co-movements. The product-type analysis shows that inflation gap in tradable items between trade partners shrinks and becomes more correlated with the (de)convergence and co-movement of real integration.eninfo:eu-repo/semantics/closedAccessGlobalizationInflation GapConvergenceCo-MovementCPI Sub-ItemsTurkeyArticle