05.05.2025 10:10
The Turkish Statistical Institute (TÜİK) has announced the inflation data for April. Accordingly, inflation increased by 3% on a monthly basis and reached 37.86% on an annual basis. Economists had expected it to be 3.24%. In this regard, the inflation rate turned out to be below expectations.
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The inflation data for April, which the markets have been eagerly awaiting, has been announced. The Turkish Statistical Institute (TÜİK) has released the inflation figures for April. Accordingly, inflation increased by 3% on a monthly basis and reached 37.86% on an annual basis.
INFLATION INCREASED BY 3% MONTHLY, 37.86% ANNUALLY
The change in the Consumer Price Index (CPI) (2003=100) in April 2025 compared to the previous month was an increase of 3.00%, an increase of 13.36% compared to December of the previous year, an increase of 37.86% compared to the same month of the previous year, and an increase of 48.73% according to twelve-month averages.
ANNUAL INCREASE OF 36.09% IN CPI FOR FOOD AND NON-ALCOHOLIC BEVERAGES
The annual changes in the three main expenditure groups with the highest weight were as follows: a 36.09% increase in food and non-alcoholic beverages, a 22.76% increase in transportation, and a 74.07% increase in housing. The effects of the relevant main groups on the annual change were 9.21% for food and non-alcoholic beverages, 3.84% for transportation, and 9.98% for housing.
MONTHLY INCREASE OF 2.01% IN CPI FOR FOOD AND NON-ALCOHOLIC BEVERAGES
The monthly changes in the three main expenditure groups with the highest weight were as follows: a 2.01% increase in food and non-alcoholic beverages, a 3.80% increase in transportation, and a 4.66% increase in housing. The effects of the relevant main groups on the monthly change were 0.51% for food and non-alcoholic beverages, 0.57% for transportation, and 0.74% for housing.
As of April 2025, out of the 143 main headings covered in the index (Classification of Individual Consumption by Purpose - COICOP 5-digit Level), there was a decrease in the index of 18 main headings, while there was no change in the index of 4 main headings. An increase was observed in the index of 121 main headings.
CORE CPI INDEX (B) INCREASED BY 36.81% ANNUALLY, 3.10% MONTHLY
Excluding unprocessed food products, energy, alcoholic beverages, tobacco, and gold, the change in CPI in April 2025 was an increase of 3.10% compared to the previous month, an increase of 12.71% compared to December of the previous year, an increase of 36.81% compared to the same month of the previous year, and an increase of 47.82% according to twelve-month averages.
ECONOMISTS' INFLATION EXPECTATION WAS 3.24%
The average inflation expectation of economists for April was 3.24%. Inflation expectations ranged between 2.75% and 3.80%. According to the average inflation expectation of economists for April (3.24%), it was anticipated that the annual inflation, which was 38.10% in the previous month, would rise to 38.18%. In this regard, the inflation rate turned out to be below both monthly and annual expectations.
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