Last Minute: August 2022 Inflation Figures Announced

August Inflation Figures Announced
August 2022 Inflation Figures Announced

Consumer Price Index increased by 1,46 percent and Domestic Producer Price Index increased by 2,41 percent on a monthly basis in August. Annual inflation was recorded as 80,21 percent in consumer prices and 143,75 percent in domestic producer prices. According to the Inflation Research Group (ENAG), August inflation data increased by 5.86 percent monthly. Inflation rose to 181.37 percent annually.

Turkish Statistical Institute (TUIK) announced the Consumer Price Index (CPI) figures for August.

Accordingly, the change in CPI was 1,46 percent compared to the previous month in August, 47,85 percent compared to December of the previous year, 80,21 percent compared to the same month of the previous year and 54,69 percent according to the twelve-month averages. .

The main group that showed the least increase compared to the same month of the previous year was communication with 27,05 percent. On the other hand, the main group with the highest increase compared to the same month of the previous year was transportation with 116,87 percent.

In terms of main expenditure groups, the main group that showed the least increase in August compared to the previous month was transportation with -1,78 percent. On the other hand, the main group with the highest increase in August compared to the previous month was health with 7,01 percent.

Domestic Producer Price Index

Domestic Producer Price Index (D-PPI) in August was 2,41 percent compared to the previous month, 74,13 percent compared to December of the previous year, 143,75 percent compared to the same month of the previous year and 105,39 percent according to the twelve-month averages. XNUMX increased.

Manufacturing index from the four main sectors of the industry

Annual changes in the four sectors of the industry; 153,28 percent in mining and quarrying, 125,43 percent in manufacturing, 348,39 percent in electricity and gas production and distribution, and 90,01 percent in water supply. Annual changes of the main industrial groups; an increase of 127,82 percent in intermediate goods, 99,54 percent in durable consumer goods, 124,14 percent in non-durable consumer goods, 303,48 percent in energy and 96,53 percent in capital goods.

Monthly changes in the four sectors of the industry; Mining and quarrying increased 4,10 percent, manufacturing increased 2,94 percent, electricity and gas production and distribution decreased 1,07 percent and water supply increased 4,03 percent. Monthly changes of the main industrial groups; 3,20 percent increase in intermediate goods, 4,55 percent increase in durable consumer goods, 3,69 percent increase in non-durable consumer goods, 1,71 percent decrease in energy and 3,03 percent increase in capital goods.

ENAG august inflation

Inflation Research Group (ENAG) announced inflation data for August. Accordingly, it increased by 5.86% monthly. Inflation rose to 181.37 percent annually.

Every month, the Inflation Research Group (ENAG) comes before the public with its own calculated inflation rate. It is noteworthy that there is a big gap between the ratios announced and TURKSTAT.

ENAG has announced its inflation data for August today. Accordingly, inflation increased by 5,86 percent monthly. Annual inflation was 181,37%.

ENAGrup shared the following information with the public: “Consumer Price Index (E-CPI) increased by 5,86 percent in August. ENAGgroup Price Index obtained from daily price changes for the period of August 2022 (31.07.2022-31.08.2022) increased by 5,86 percent on a monthly basis.

The daily data of BIST2022, US Dollar exchange rate and interest rate (100-year government bond) indicators on a daily basis for the course of the ENAGgroup Consumer Price Index (E-CPI) for August 2 are shown in the table below. (Start date = 100)

When TurkStat subgroups are taken as an indicator, the minimum monthly increase was 0,17 percent and the highest increase was realized in the Miscellaneous Goods and Services item with 23,78 percent.

Price increases before winter are worrying. According to ENAG inflation, the product with the highest price increase was the coat. Butter and chicken meat followed. In the list of products with the highest price increase, sweaters for men were in the fourth place and sweaters for women were in the fifth place. ENAG's basket of price increases is as follows:

ENAG's basket of price increases
ENAG's basket of price increases

Günceleme: 05/09/2022 10:49

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