03.02.2025 10:11
The Turkish Statistical Institute (TÜİK) has announced the inflation figures for January, which constitute the first inflation data of the year. Accordingly, inflation increased by 5.03% in January, and the annual inflation rate reached 42.12%.
The Turkish Statistical Institute (TÜİK) announced the inflation figures for January, which constitute the first inflation data of the year. Accordingly, the change in the Consumer Price Index (CPI) in January 2025 was 5.03% compared to the previous month, 5.03% compared to the previous year in December, 42.12% compared to the same month of the previous year, and 56.35% according to twelve-month averages.
HIGHEST ANNUAL INCREASE IN EDUCATION
The main group with the least increase compared to the same month of the previous year was transportation, with an increase of 23.14%. In contrast, the main group with the highest increase compared to the same month of the previous year was education, with an increase of 99.93%.
In terms of main expenditure groups, the main group that decreased in January 2025 compared to the previous month was clothing and footwear, with a decrease of -5.17%. In contrast, the main group with the highest increase in January 2025 compared to the previous month was health, with an increase of 23.57%.
Excluding unprocessed food products, energy, alcoholic beverages, tobacco, and gold, the change in the CPI in January 2025 was 5.47% compared to the previous month, 5.47% compared to the previous year in December, 42.08% compared to the same month of the previous year, and 56.05% according to twelve-month averages.
RENT INCREASE RATE ANNOUNCED
With the announcement of the inflation rates for January, the 12-month average data, which is normally used as a basis for rent increases, has also become clear. Thus, the ceiling increase rate that can be applied to rents in February has also been determined. The increase rate for February was 56.35%.
ECONOMISTS' EXPECTATION WAS 4.29%
The expectation survey regarding January inflation data was concluded with the participation of 20 economists. Accordingly, the average inflation expectation of economists for January was 4.29%. The inflation expectations of the economists participating in the survey ranged from a minimum of 3.75% to a maximum of 5% for January.
According to the average inflation expectation of economists for January (4.29%), it was anticipated that the annual inflation, which was 44.38% in the previous month, would decrease to 41.11%. On the other hand, the economists' inflation expectation for the end of 2025 was 27.58% as of January. The Consumer Price Index recorded an increase of 1.03% in December 2024.