Consumer price index increases by 11.86% annually in Turkey

Consumer price index increases by 11.86% annually in Turkey

Consumer price index increased by 11.86% annually and 0.57% monthly, Turkish Statistical Institute said in a statement on Friday.

According to statement, a rise in general index was realized in CPI (2003=100) on the previous month by 0.57%, on December of the previous year by 2.29%, on same month of the previous year by 11.86% and on the twelve months moving averages basis by 13.33% in March 2020.

The lowest annual increase was 2.52% in communication

Clothing and footwear with 6.18%, recreation and culture with 6.72% and furnishing and household equipment with 7.69% were the other main groups where low annual increases realized. On the other hand, alcoholic beverages and tobacco with 40.19%, miscellaneous goods and services with 17.21% and housing with 15.31% were the main groups where high annual increases realized.

The highest monthly decrease was 1.91% in transportation

In March 2020, the other group that indicated a decrease was communication with 0.05% amongst the main groups. On the other hand, health with 2.78%, food and non-alcoholic beverages with 1.95% and miscellaneous goods and services with 1.24% were the main groups where high monthly increases realized.

In March 2020 within average prices of 418 items in the index, the average prices of 98 items decreased and the average prices of 32 items remained unchanged while the average prices of 288 items increased.

The indicator for CPI having specified coverage (B) increased by 11.65% annually and 0.77% 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 0.77%, on December of the previous year by 1.12%, on same month of the previous year by 11.65% and on the twelve months moving averages basis by 12.61% in March 2020.

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