ISTANBUL, April 5 (Reuters) – The yield on Turkey’s Nov. 16, 2011 benchmark bond rose as high as 8.97 percent from 8.84 percent after March inflation data showed an increase in core inflation indicators and higher than expected producer price rises.
Turkey’s consumer prices rose 0.58 percent month-on-month in March, compared with a forecast rise of 0.60 percent, and the producer price index rose a higher than expected 1.94 percent.
A core inflation index rose to 5.41 percent in March from 4.05 percent in the same period last year, data showed.