Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
- Turkey's consumer prices rose 43.68% y/y in April (Est: +44.10%) versus +50.51% in March, according to data released by the nation’s statistics office this morning. The monthly figure rose 2.39% (Est: +2.60%) versus +2.29% prior, while core prises rose an annual 45.48% (Est: +45.40%).
- Among the sub-indices, Communications showed the largest increase, with prices rising 5.93% m/m. Food and Non-Alcoholic Beverages recorded a 3.95% monthly increase while Housing, Water, Electricity prices fell 1.47% m/m.
- Meanwhile, producer prices rose 52.11% y/y in April versus +62.45% in March. Prices rose 0.81% m/m versus +0.44% prior.
- Yesterday evening, President Erdogan announced a major oil reserve discovery – 13 days out from the general elections. Erdogan tweeted: "We discovered a new oil reserve in Cudi-Gabar with a production capacity of 100,000 barrels per day. Good luck to our nation."
- President Erdogan and leader of the opposition alliance Kemal Kilicdaroglu will continue their election rallies this afternoon. There are no notable data releases left on the docket this week.
(Source: Turkiye Istatistik Kurumu)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok