Turkey saw a 48.69% annual hike in consumer prices in January, according to the Turkish Statistical Institute (TurkStat). Thus, the figure hit a 19-year high last month. The annual inflation was 36.08% in the previous month, according to TurkStat. The highest annual price increase last month was seen in transportation with 68.89%, followed by food...
Tag: consumer price index
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What is important: the slight increase in prices or its level: OPINION
BY ALAATTIN AKTAS Let’s assume that the monthly price increases after February of this year remain at the average level for the last ten years. What kind of rate, then, awaits us in June 2023? As a second assumption, let’s presume that there will be expect high increases in the first five months of this...
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Will there be any move against high inflation?
BY SEBNEM TURHAN The annual inflation exceeded expectations and reached 36.08% in December. However, it may hover around 40-50%, according to the economy world. Will it transform into hyperinflation, or can the increase be limited by the support of steps to be taken? We asked the economists… The Consumer Price Index (CPI) can increase by...
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Inflation hits 19-year high
The annual inflation rate jumped to 36.08%, while consumer prices climbed by 19.08% in December, according to the Turkish Statistical Institute (TurkStat). Thus, the annual inflation hit a 19-year high last month. The domestic producer price index (D-PPI) increased month over month by 19.08% to 79.89% on an annual basis in December, Turkstat said....