TurkStat Announces September Inflation Data

TUIK Announces September Inflation Data
TurkStat Announces September Inflation Data

The Consumer Price Index increased by 3,08 percent and the Domestic Producer Price Index increased by 4,78 percent on a monthly basis in September. Annual inflation was recorded as 83,45 percent in consumer prices and 151,50 percent in domestic producer prices.

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

Accordingly, the Consumer Price Index in September was 3,08 percent compared to the previous month, 52,40 percent compared to December of the previous year, 83,45 percent compared to the same month of the previous year and 59,91 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 30,76 percent. On the other hand, the main group with the highest increase compared to the same month of the previous year was transportation with 117,66 percent.

In terms of main expenditure groups, the main group that showed the least increase compared to the previous month was alcoholic beverages and tobacco with 0,04 percent. On the other hand, the main group with the highest increase compared to the previous month was housing with 9,99 percent.

While there was a decrease in the index of 144 main titles out of 18 main titles covered in the index, there was no change in the indices of 2 main titles. There was an increase in the index of 124 main titles.

Domestic Producer Price Index (D-PPI) increased by 151,50 percent annually and 4,78 percent monthly

In September, the Domestic Producer Price Index increased by 4,78 percent compared to the previous month, by 82,45 percent compared to December of the previous year, by 151,50 percent compared to the same month of the previous year and by 114,02 percent according to the twelve-month averages.

Manufacturing index, one of the four main sectors of the industry, increased by 127,69 percent annually.

Annual changes in the four sectors of the industry; 164,59 percent in mining and quarrying, 127,69 percent in manufacturing, 416,58 percent in electricity and gas production and distribution, and 107,84 percent in water supply.

Annual changes of the main industrial groups; an increase of 129,59 percent in intermediate goods, 100,36 percent in durable consumer goods, 130,54 percent in non-durable goods, 347,35% in energy and 97,29 percent in capital goods.

Manufacturing index, one of the four main sectors of the industry, increased by 2,65 percent monthly.

Monthly changes in the four sectors of the industry; The increase was 4,09 percent in mining and quarrying, 2,65 percent in manufacturing, 16,76 percent in electricity and gas production and distribution, and 12,87 percent in water supply.

Monthly changes of main industrial groups; 2,35 percent increase in intermediate goods, 3,16 percent in durable consumer goods, 3,86 percent in non-durable consumer goods, 12,95 percent in energy and 2,37 percent in capital goods.

The Consumer Price Index (CPI) increased by 1,46 percent on a monthly basis and the Domestic Producer Price Index (D-PPI) increased by 2,41 percent in August. Annual inflation was recorded as 80,21 percent in consumer prices and 143,75 percent in domestic producer prices.

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