Compared to December of the previous year, the CPI has risen by 42.91%, while the twelve-month moving average points to an even higher increase of 60.45%.
The sectoral data highlights notable disparities in inflationary impact. Transportation experienced the lowest annual increase, rising by just 26.24%. In stark contrast, education costs surged by an extraordinary 92.49%, marking the highest annual increase among all sectors. On a monthly basis, clothing and footwear saw the largest decline, with prices dropping by 0.25%, while food and non-alcoholic beverages registered the highest increase, climbing 5.10%.
Out of 143 basic expenditure categories analyzed, prices decreased for 27 categories, remained unchanged for 10, and increased for 106. This illustrates the broad reach of inflation across most goods and services.
When excluding volatile items such as unprocessed food, energy, alcoholic beverages, tobacco, and gold, core inflation tells a similar story. The core CPI increased by 1.54% monthly and 45.68% annually. From the start of the year, it has climbed by 42.28%, with the twelve-month average reaching 60.56%.
These figures highlight the diverse challenges faced by Turkish households, with significant price pressures in essential areas like food and education. Meanwhile, the transportation sector's relatively modest rise offers a rare reprieve. The inflationary landscape underscores the urgent need for effective economic measures to stabilize prices and support consumers amidst these persistent challenges. (ILKHA)
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