Consumer price index increases by 11.39% in Turkey

Consumer price index increases by 11.39% in Turkey

Consumer price index (CPI) increased by 11.39% annually and 1.36% monthly in Turkey, Turkish Statistical Institute said in statement on Wednesday.

According to the statement, a rise in general index was realized in CPI (2003=100) on the previous month by 1.36%, on December of the previous year by 4.57%, on same month of the previous year by 11.39% and on the twelve months moving averages basis by 12.10% in May 2020.

The lowest annual increase was 2.98% in communication

Recreation and culture with 3.74%, transportation with 6.69% and clothing and footwear with 7.68% were the other main groups where low annual increases realized. On the other hand, alcoholic beverages and tobacco with 21.41%, miscellaneous goods and services with 20.86% and housing with 14.45% were the main groups where high annual increases realized.

The lowest monthly increase was 0.16% in hotels, cafes and restaurants

In May 2020, there was no main group that indicated a decrease. Hotels, cafes and restaurants with 0.16%, health with 0.22% and food and non-alcoholic beverages with 0.24% were the groups that indicated lowest monthly increase amongst the main groups. On the other hand, clothing and footwear with 6.85%, transportation with 3.30% and miscellaneous goods and services with 1.92% were the main groups where high monthly increases realized.

In May 2020 within average prices of 418 items in the index, the average prices of 66 items decreased and the average prices of 70 items remained unchanged while the average prices of 282 items increased.

The indicator for CPI having specified coverage (B) increased by 11.21% annually and 1.52% 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 1.52%, on December of the previous year by 3.79%, on same month of the previous year by 11.21% and on the twelve months moving averages basis by 11.74% in May 2020.

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