October inflation figures announced

According to TUIK, annual inflation was 61.36 percent in October. ENAG calculated inflation as 126.18 percent.

Turkish Statistical Institute (TUIK) announced consumer inflation for October.

The change in the consumer price index (CPI) in October 2023 is 3.43 percent compared to the previous month, 55.00 percent compared to December of the previous year, 61.36 percent compared to the same month of the previous year and 54 percent compared to the twelve-month averages. It was 26.

The increase series in CPI moved to the 58th month.

In September, TÜİK announced monthly inflation as 4.75 and annual inflation as 61.53 percent.

The average inflation expectation of economists participating in the AA Finance survey was 4.08 percent monthly and 62.36 percent annually.

THE HIGHEST INCREASE IS IN RESTAURANTS AND HOTELS

The main group that showed the least increase compared to the same month of the previous year was housing with 25.98 percent. On the other hand, the main group with the highest increase compared to the same month of the previous year was restaurants and hotels with 94.12 percent.

Among the main expenditure groups, the main group that showed the least increase in October 2023 compared to the previous month was transportation with -0.18 percent. On the other hand, the main group with the highest increase in October 2023 compared to the previous month was clothing and shoes with 13.73 percent.

Of the 143 basic headings covered in the index, as of October 2023, there was a decrease in the index of 15 basic headings, while the index of 6 basic headings remained unchanged. There was an increase in the index of 122 basic headings.

Unprocessed food products, energy, alcoholic beverages and tobacco gold The change in CPI, excluding the above, is 3.48 percent in October 2023 compared to the previous month, 60.05 percent compared to December of the previous year, 67.61 percent compared to the same month of the previous year and 57.65 percent according to the twelve-month averages. happened as.

OCTOBER ZAM CHAMPION CHILDREN’S CLOTHING

The basic title whose prices increased the most in October compared to the previous month was children’s clothing, with 22.40 percent.

Railway and intercity passenger transportation was the second main category with the highest price increase, with an average increase of 17.73 percent, while women’s shoes took the third place with an increase of 16.84 percent.

Eggs and egg-related products also came in fourth place, with an average increase of 10.78 percent.

TurkStat censors individual prices of products and services in the item basket, despite court decisions.

ENAG CALCULATED 126 PERCENT

Inflation Research Group (ENAG), formed by independent academics, calculated consumer inflation as 5.09 percent monthly and 126.18 percent annually in October.

The Central Bank (CBRT) expects official consumer inflation to reach 65 percent by the end of 2023 and 75 percent in May 2024.

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