ISTANBUL, April 3 (Reuters) - Turkish annual consumer
price inflation dropped to 50.51% in March, official data showed
on Monday, slightly below forecast, easing ahead of May 14
presidential and parliamentary elections.
March consumer prices rose 2.29% from a month earlier , less than a predicted 2.85% in a Reuters poll.
The poll had forecast that consumer prices would be up 51.3% from a year earlier, and were expected to end
the year at 46.5%.
Inflation has been stoked by a currency crisis at the end of
2021 and it touched a 24-year peak of 85.51% in October. It fell
sharply in December and eased only to 55.2% in February despite
a favourable base effect.
The domestic producer price index was up 0.44%
month-on-month in March for an annual rise of 62.45%, according
to the data from the Turkish Statistical Institute.
(Reporting by Canan Sevgili and Azra Ceylan;
Writing by Daren Butler;
Editing by Jonathan Spicer)
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