Turkey’s May Inflation Figures Announced!
May inflation figures were announced. While the Consumer Price Index (CPI) increased by 0.04 percent in May, the annual CPI was 39.59 percent.
According to the data of the Turkish Statistical Institute, when 12-month averages are taken into account, consumer prices increased by 63.72 percent and domestic producer prices increased by 95.8 percent.
On a monthly basis, CPI increased by 0.04 percent and D-PPI increased by 0.65 percent.
While CPI increased by 15.26 percent in May compared to December of last year, D-PPI increased by 7.81 percent.
Annual inflation was 39.59 percent in consumer prices and 40.76 percent in domestic producer prices.
Thus, annual inflation was recorded as the lowest level of the last 17 months in CPI and the lowest level in the last 24 months in D-PPI.
CPI was 36.08 percent in December 2021, and D-PPI was 38.33 percent in May 2021.
NATURAL GAS SETTING IN INFLATION
TUIK announced last week that after a month of free natural gas was given to households, a “zero price” method would be applied to natural gas within the scope of CPI calculations in May, and thus there would be a “strong downward effect” on the general economy. index was expected.
