Monday, Turkey's statistical office TurkStat announced that the consumer price index or CPI rose 6.13% year-over-year in April, slower than the 7.89% increase in the previous month. Economists were looking an increase of 6.9%.

On a monthly basis, the CPI increased 0.02% in April, compared to the 1.10% rise seen in March. Economists had predicted an increase of 0.7%.

Separately, the statistical office said producer prices dropped 0.35% year-on-year in April, in contrast to a 3.46% increase in March. Economists were expecting a decline of 0.5%.

Month-on-month, producer prices rose 0.65% in April, compared with a 0.29% rise seen in the preceding month. Economists had predicted an increase of 0.5%.

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