Turkey's Central Bank raised the country's expectation for consumer price index (CPI), a main gauge of inflation, in 2012 to 7.47 percent as recent economic data trigger increasing inflation concerns, local media reported on Friday.

The central bank said in March that it expected Turkey's annual CPI to grow by 7.22 percent year-on-year, according to Turkish semi-official Anatolia News Agency.

However, the bank finds out that the expectations pertaining to CPI figure inflated basing on a recent survey involving experts and decision makers from the financial and real estate sectors and professionals.

Turkey's CPI rose 10.43 percent year-on-year in March, the country's statistics authority TurkStat announced Tuesday in a written statement, adding that the CPI in March edged up 0.41 percent compared with the previous month.

In detail, the CPI increase of alcoholic beverages and tobacco sector ranked the highest at 18.47 percent compared with the same month of the previous year, followed by miscellaneous goods and services, transportation, food and nonalcoholic beverages.

TurkStat further announced that the country's producer price index (PPI), a main gauge of inflation at the wholesale level, surged 8.22 percent in March from a year earlier.

In breakdown, PPI of agriculture in March increased 6.16 percent year on year, while PPI of industrial sector climbed 8.66 percent compared with the same month of the previous year.

Further, Turkey's CPI in February and January increased 10.43 percent year-on-year and 10.61 percent year-on-year respectively.

Turkey's annual inflation in 2011 stood at 6.95 percent, according to previous reports.