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Published on Monday, April 3, 2017 | Updated on Monday, April 3, 2017

Turkey: Inflation breached 11% in March

Annual consumer prices inflation continued its significant increasing trend and reached 11.3% in March as the monthly inflation (1.0%) exceeded the market consensus of 0.6% and our above market call of 0.85%. Exchange rate pass-through on core prices and the unfavorable base impact on food were the main drivers.