Friday, Turkey's statistical office TurkStat said the consumer price index or CPI rose 7.89% year-over-year in March, quicker than the 7.73% increase in the previous month. Economists had expected the CPI to climb 7.7%.

On a monthly basis, the CPI increased 1.10% in March, after falling 0.34% in February. Meanwhile, the consensus forecast was an increase of 0.9%

Separately, the statistical office said producer prices increased 3.46% year-on-year in March, sharply slower than the 6.43% increase in February. Month-on-month, producer prices rose 0.29% in March, compared with a 1.17% rise seen in the preceding month.

Economists were expecting an annual increase of 4.3% and a monthly growth of 1.2% for PPI.

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