TURKSTAT announced January inflation data
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Every month, the Inflation Research Group (ENAG) comes before the public with its own calculated inflation rate. It is noteworthy that there is a big gap between the ratios announced and TURKSTAT.
According to TURKSTAT, annual inflation in January base effectThe monthly inflation series did not take a break.
According to the data of the Turkish Statistical Institute (TUIK), consumer prices increased by 57.68 percent in January compared to the same period of the previous year. Monthly inflation was announced as 6.65%. Thus, the monthly inflation series reached the 49th month. At the same time, monthly inflation in January was the highest inflation in the last 9 months.
ENAG: “121 PERCENT ANNUAL INFLATION”
The Inflation Research Group (ENAG), formed by independent academics, announced monthly inflation as 9.26 percent and annual inflation as 121.62 percent for January.
MONTHLY INFLATION SERIES IN ISTANBUL INCREASED TO THE 43TH MONTH
The Istanbul Chamber of Commerce (ITO), on the other hand, announced monthly inflation of 5.94 percent and annual inflation of 79.68 percent for January. According to these data, the monthly inflation series in Istanbul rose to the 43rd month as of January.
INDICATORS REGARDING FOOD PRICES CONTINUE TO RISE
Türk-İş also pointed to the upward momentum in January in food prices indicators in Ankara.
Türk-İş food inflation hit three new digits in January. According to the Hunger and Poverty Boundary January 2023 research prepared by Türk-İş, the increase in the minimum amount of expenditure that a family of four living in Ankara should make for “food” was 9.02 percent compared to the previous month.
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