Annual Inflation Rate Hits All Time High Since 2004: 12.98%

Inflation hiked by 1.49% in November and 12.98% annually. The annual increase is all time high since January 2004.

Click to read the article in Turkish

According to the stats of the Turkish Statistical Institute (TÜİK), consumer prices increased by 1.49% on monthly basis in November, and the annual inflation rate hiked by 12.98 annually, marking all time high since January 2004. The previous rate was 11.82%

By the main expense groups, food and non-alcoholic beverages increased by 2.11; transportation by 2.01%; various goods and services by 1.84% and housing by 1.25%.

The highest increase is in transportation

By the main expense groups, there is no group seeing a decrease in November, 2017. Alcoholic beverages and tobacco groups were the ones with the smallest hike with 0.01%.

The highest increase occurred in transportation with an increase of 18.56%.

İstanbul - BIA News Desk

04 December 2017, Monday