Inflation Data Announced – Last Minute Turkey & World News

SAFAKNA TURKEY – The Turkish Statistical Institute (TUIK) announced the inflation rate for November.

The consumer price index (CPI) was 84.39% per year, 2.88% per month.

The CPI change (2003 = 100) in November 2022 is 2.88% compared to the previous month, 62.35% compared to December of the previous year, 84.39% compared to the same month of the previous year and in in line with twelve-month averages. It was implemented as 70.36.

The main group that showed the least growth compared to the same month of the previous year was communication with 35.87%. On the other hand, the main group with the highest growth compared to the same month of the previous year was transportation with 107.03%.

EXPECTATION OF INFLATION AT THE END OF 2022 70.18 PERCENT

The inflation rate (CPI) rose by 3.54 percent in October compared to the previous month. On the other hand, inflation expectations of economists at the end of the year also fell from 73.12% to 70.18%.

INFLATION RATE FOR 4 MONTHS 10.84 PERCENT

After the October inflation data, the inflation data for 4 months became known, which will be crucial for raising pensions and civil servants. Accordingly, while the 4-month inflation data was 10.84, this figure was also the growth rate for SSK and Bağ-Kur pensioners. The level of increase of civil servants for 4 months amounted to 11.84 percent.

RENT INCREASE RATE FIXED

The rate of rent increase, which concerns millions of citizens and is determined by 12-month inflation rates, will not exceed 25 percent compared to the previous year, and the lease agreement will be extended until July 1, 2023.