Posts Tagged Consumer Price Index
March CPI Above Expectations

March CPI Above Expectations

Monthly inflation came in at 1.19% notably higher than the market consensus of 0.8%, made a bad surprise thanks to food and energy prices. Higher food prices are mostly due to the seasonal effects while the latter filtered into the surprise rise in headline inflation thanks to the pass-through effect arising out of weaker Turkish lira even if the oil prices hang around low levels in the global markets.

On the other side, Turkish March Core (I)...

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