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Turkey’s annual inflation hits 19.89% in October
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A rise in general index was realized in CPI (2003=100) on the previous month by 2.39%, on December of the previous year by 15.75%, on same month of the previous year by 19.89% and on the twelve months moving averages basis by 17.09% in October 2021.

Compared to general CPI, lower annual change observed in 7 main groups while 5 main groups were higher

The lowest annual increase was 5.29% in communication. Alcoholic beverages and tobacco with 7.88%, clothing and footwear with 8.08% and recreation and culture with 13.12%, were the other main groups where low annual increases realized. On the other hand, food and non-alcoholic beverages with 27.41%, hotels, cafes and restaurants with 25.23% and furnishings and household equipment with 23.03% were the main groups where high annual increases realized.

Compared to general CPI, lower monthly change observed in 9 main groups while 3 main groups were higher

 Education with 0.17%, recreation and culture and communication with 0.51% were the main groups that indicated the lowest monthly increase. On the other hand, clothing and footwear with 7.56%, alcoholic beverages and tobacco with 5.97%, and transportation with 2.43% were the main groups where high monthly increases realized.

In October 2021, within average prices of 415 items in the index, the average prices of 46 items decreased and the average prices of 38 items remained unchanged while the average prices of 331 items increased.

The indicator for CPI having specified coverage (B) increased by 18.50% annually and 1.85% monthly

A rise in CPI excluding unprocessed food, energy, alcoholic beverages, tobacco and gold was realized in CPI (2003=100) on the previous month by 1.85%, on December of the previous year by 14.73%, on same month of the previous year by 18.50% and on the twelve months moving averages basis by 17.25% in October 2021. (ILKHA)



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