In November, inflation increased by 2.24%, reaching 47.09% on an annual basis.

Last month, inflation, which decreased by 48.58% on an annual basis, was 47.09% in November.

The Turkish Statistical Institute (TÜİK) announced the Consumer Price Index (CPI) figures for November. Accordingly, the change in CPI in November compared to the previous month was 2.24%, compared to the previous year's December was 42.91%, compared to the same month of the previous year was 47.09%, and according to twelve-month averages was 60.45%.

The main group with the least increase compared to the same month of the previous year was transportation at 26.24%. In contrast, the main group with the highest increase compared to the same month of the previous year was education at 92.49%.

THE GROUP WITH THE HIGHEST INCREASE IS FOOD

In terms of main expenditure groups, the main group that decreased the most in November compared to the previous month was clothing and footwear at -0.25%. In contrast, the main group with the highest increase in November compared to the previous month was food and non-alcoholic beverages at 5.10%.

Excluding unprocessed food products, energy, alcoholic beverages, tobacco, and gold, the change in CPI in November compared to the previous month was 1.54%, compared to the previous year's December was 42.28%, compared to the same month of the previous year was 45.68%, and according to twelve-month averages was 60.56%.

The 12-month inflation indicator that determines the rent increase cap was 60.45%.

CENTRAL BANK: FOOD IMPACT ON INFLATION WILL BE PROMINENT

The Central Bank reported that the food impact on inflation will be prominent in November as well, according to leading indicators. In the meeting minutes where the TCMB kept its policy interest rate unchanged, particular attention was drawn to the impact of fresh fruit and vegetable prices.

The Central Bank also stated that the increasing coordination of fiscal policy will make a significant contribution to the disinflation process.

INFLATION EXPECTATIONS ARE TIGHTENING

The public's inflation expectation for 12 months later decreased by 3.1 points to 64.1% in November. The expectation of the real sector also fell by 1.7 points to 47.8%. The expectations of market participants decreased by 0.2 points to 27.2%.