Inflation Decreased in Turkey! 84.39% On An Annual Basis
Turkish Statistical Institute announced inflation data for November. While the Consumer Price Index was 2.88 percent on a monthly basis, it was determined as 84.39 percent on an annual basis. It was the first year-on-year decline in 18 months. In October, while inflation was 3.54 percent on a monthly basis, it was announced as 85.51 percent annually.
While the fight against inflation continues in Turkey, inflation data announced regularly by the Turkish Statistical Institute are followed with interest. TURKSTAT has announced the inflation data that the markets are eagerly waiting for.
ANNUAL INFLATION 84.39 PERCENT
The change in CPI in November was 2.88% compared to the previous month in November 2022, 62.35% compared to December of the previous year, 84.39% compared to the same month of the previous year and 70.36% according to the twelve-month averages. . took place. In October, while inflation was 3.54 percent on a monthly basis, it was announced as 85.51 percent annually. Thus, for the first time in 18 months, a decrease was recorded on an annual basis.
THE HIGHEST INCREASE IN TRANSPORTATION
The main group that showed the least increase compared to the same month of the previous year was communication with 35.87%. On the other hand, the main group that showed the highest increase compared to the same month of the previous year was transportation with 107.03%. In terms of main expenditure groups, the main group that showed the least increase in November 2022 compared to the previous month was clothing and shoes with -1.42%. On the other hand, in November 2022, the main group with the highest increase compared to the previous month was food and non-alcoholic beverages with 5.75%.
SPECIAL COMPREHENSIVE CPI INDICATOR DATA
While the index of 17 main headings fell out of 144 main headings in the index (Individual Consumption Classification by Purpose-COICOP 5-Level) in November 2022, the index of 8 main headings remained unchanged. There was an increase in the index of 119 main titles. The change in CPI excluding unprocessed food products, energy, alcoholic beverages, tobacco and gold was 2.73% in November 2022 compared to the previous month, 54.68% compared to December of the previous year, and 76.18% compared to the same month. 61.31% compared to the previous year and twelve-month averages.
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