The annual inflation rose from 19.58% to 19.89% in October, while the Consumer Price Index (CPI) increased by 2.39% on a monthly basis. The economy world estimated annual inflation and CPI to surge by 20.2% and 2.6%, respectively, due to the adverse impacts of high course in food prices, hike in energy prices, recent raise in tobacco prices, termination of value-added tax (VAT) reduction in some goods and services and depreciation in the TRY.
AK Party submitted the 5th Judiciary Package to the Parliament. The 54-item package contains amendment of eight laws. The Judiciary Package consists of two main titles including regulations on electronic sales in execution and bankruptcy and child delivery through execution, according to AK Party Parliamentary Group Deputy Chairman Mahir Unal.
Automotive, chemical, ready-wear, steel, iron, and non-ferrous metals, the five sectors generating nearly half of the country’s total exports, aim to reach USD 110bn export volume in 2022, according to daily DUNYA. These sectors, which benefit from logistics proximity, are expected to hit USD 104bn export figures this year.
The Coronavirus Scientific Advisory Board convenes today. The time towards booster shots for those who received BioNTech vaccine will be discussed at the meeting. Health Minister Fahrettin Koca said soon they will start applying SMA (Spinal Muscular Atrophy) testing for soon-to-wed couples for free.
DAILY AGENDA
The annual inflation reached 19.89% in October, while the consumer price index rose by 2.39% on a monthly basis, according to the Turkish Statistical Institute (TurkStat).
The Domestic Producer Price Index (D-PPI) jumped 46.31% in October, compared to the same month of the previous year, according to TurkStat. The D-PPI rose by 5.24% on a monthly basis.
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