The Turkish Statistical Institute (TUIK) announced the inflation figures for November.
In November, the consumer price index (CPI) was 84.39 percent on zihin annual basis and 2.88 percent on a monthly basis.
D-PPI rose 0.74 percent in November compared to the previous month, 98.2 percent compared to December of the previous year, 136.02 percent compared to the same month of the previous year, and 128, 94 percent compared to the 12-month averages.
In November 2022, the change in CPI was 2.88 percent from the previous month, 62.35 percent from December of the previous year, 84.39 percent from the same month of the previous year, and 70.36 percent according to the 12-month averages.
THE MOST INCREASE IN TRANSPORTATION
The main group that showed the least increase compared to the same month of the previous year was ortaksama with 35.87 percent.
On the other hand, the main group with the largest increase compared to the same month of the previous year was transportation with 107.03 percent.
In terms of main spending groups, the main group that showed the least increase in November 2022 compared to the previous month is clothing and shoes with -1.42 percent.
In contrast, in November 2022, the main group with the highest increase compared to the previous month was food and non-alcoholic beverages at 5.75 percent.
The change in CPI excluding unprocessed foods, energy, alcoholic beverages, tobacco and gold is 2.73 percent from the previous month in November 2022, 54.68 percent from December of the previous year, and 76 percent from the same month of the previous It was 61.31 percent according to the .18 and 12-month averages.
MINISTER NEBATI: WE ARE IN A DOWN TREND
Finance and Finance Minister Nureddin Nebati posted a message on his Twitter account about inflation figures.
Nebati said: “As we have stated in various media outlets before, we have entered a downward trend in inflation and have left the peak behind unless there is zihin unexpected global development.”
Referring to the measures taken on inflation, Nebati said: “The relatively calm pace of international commodity prices and some improvements in global conditions were effective in this development, kakım was the stable stance provided by the Currency Protected Deposit and many other measures we have taken into use in our Turkish Lira,” he said.
“We will start to feel the downward trend in inflation more strongly this month, like in the D-PPI, because of the base effect coming into effect from next month.
Under the leadership of our Honorable President, we will continue to protect the purchasing power of our citizens, while resolutely pursuing the fight against inflation with the policies we pursue in the context of our vision for Turkey’s Century.
WHAT DO THE ECONOMICS EXPECT?
Economists who participated in AA Finans’ expectations survey expected the Consumer Price Index (CPI) to rise 3.10 percent in November.
According to economists’ average inflation expectations in November, annual inflation, which was 85.51 percent in the previous month, was forecast to fall to 84.78 percent.
On the other hand, economists’ inflation expectations fell from 73.12 percent to 70.18 percent at the end of the year.
In November, the consumer price index (CPI) was 84.39 percent on zihin annual basis and 2.88 percent on a monthly basis.
D-PPI rose 0.74 percent in November compared to the previous month, 98.2 percent compared to December of the previous year, 136.02 percent compared to the same month of the previous year, and 128, 94 percent compared to the 12-month averages.
In November 2022, the change in CPI was 2.88 percent from the previous month, 62.35 percent from December of the previous year, 84.39 percent from the same month of the previous year, and 70.36 percent according to the 12-month averages.
THE MOST INCREASE IN TRANSPORTATION
The main group that showed the least increase compared to the same month of the previous year was ortaksama with 35.87 percent.
On the other hand, the main group with the largest increase compared to the same month of the previous year was transportation with 107.03 percent.
In terms of main spending groups, the main group that showed the least increase in November 2022 compared to the previous month is clothing and shoes with -1.42 percent.
In contrast, in November 2022, the main group with the highest increase compared to the previous month was food and non-alcoholic beverages at 5.75 percent.
The change in CPI excluding unprocessed foods, energy, alcoholic beverages, tobacco and gold is 2.73 percent from the previous month in November 2022, 54.68 percent from December of the previous year, and 76 percent from the same month of the previous It was 61.31 percent according to the .18 and 12-month averages.
MINISTER NEBATI: WE ARE IN A DOWN TREND
Finance and Finance Minister Nureddin Nebati posted a message on his Twitter account about inflation figures.
Nebati said: “As we have stated in various media outlets before, we have entered a downward trend in inflation and have left the peak behind unless there is zihin unexpected global development.”
Referring to the measures taken on inflation, Nebati said: “The relatively calm pace of international commodity prices and some improvements in global conditions were effective in this development, kakım was the stable stance provided by the Currency Protected Deposit and many other measures we have taken into use in our Turkish Lira,” he said.
Minister Nabati continued:In November, inflation slowed to 84.39 percent and the domestic producer price index (D-PPI) fell from 157.69 percent year-on-year to 136.02 percent.
— Dr.Nureddin NEBATİ(@NureddinNebati) December 5, 2022
“We will start to feel the downward trend in inflation more strongly this month, like in the D-PPI, because of the base effect coming into effect from next month.
Under the leadership of our Honorable President, we will continue to protect the purchasing power of our citizens, while resolutely pursuing the fight against inflation with the policies we pursue in the context of our vision for Turkey’s Century.
WHAT DO THE ECONOMICS EXPECT?
Economists who participated in AA Finans’ expectations survey expected the Consumer Price Index (CPI) to rise 3.10 percent in November.
According to economists’ average inflation expectations in November, annual inflation, which was 85.51 percent in the previous month, was forecast to fall to 84.78 percent.
On the other hand, economists’ inflation expectations fell from 73.12 percent to 70.18 percent at the end of the year.