Inflation Rate Reaches Double-Digit After 5 Years

Click to read the article in Turkish

According to data by The Turkish Statistical Institute TÜFE), consumer prices have hiked by 7.88% and domestic producer prices by 5.87%.

Increasing by 10.13%, the annual Consumer Price Index has reached double-digit the first time after April 2012.

Highest hike marked in transportation group on monthly basis

By the main expense groups, the highest hike on monthly basis was seen in the transportation group with 2.82%, followed by health sector with 2.17%; various goods and services with 1.38%; housing with 1.18%; entertainment and culture with 0.89%.

The highest drop was seen in clothing and shoes with 3.35% in the groups that were included in monthly basis index in February.

The highest hike in the TÜFE was marked in the group of alcoholic beverages and tobacco with 21.72%, followed by transportation group with 17.96%; various goods and services with 12.82%; health with 12.53%; education with 9.33%. (HK/TK)