March Inflation: Saved by the Devil

TURKEY - Report 04 Apr 2016 by Murat Ucer

Consumer price inflation surprised on the downside in March, staying broadly unchanged over a month ago, versus consensus forecast of around 0.5% increase. This took the 12-month CPI rate sharply lower to 7.5%, from 8.8% in February, while Domestic-PPI inflation also eased further to 3.8% from 4.5%.

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