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In the Consumer Price Index (CPI), the highest annual increase in the main expenditure groups in September was 97.87% in the housing group. The rent increase rate for houses and apartments, determined in direct proportion to the inflation rate, was 63.47%. Last month, the increase rate was 64.91%.
According to the Turkish Statistical Institute (TÜİK) data, in September, the CPI increased by 2.97% compared to the previous month, 35.86% compared to last December, 49.38% compared to the same month last year, and 63.47% according to 12-month averages.
In terms of main expenditure groups, the only group that decreased compared to the previous month in September was communication, with a decrease of 0.88%. The group with the highest monthly increase in September was education, with an increase of 14.21%.
HOUSING BECAME THE CHAMPION OF PRICE INCREASES
In September, the main group with the least increase compared to the same month last year was transportation, with an increase of 26.6%. In contrast, the main group with the highest increase compared to the same month last year was housing, with an increase of 97.87%. While there was a decrease in the index of 27 out of 143 basic items covered by the index, there was no change in the index of 6 items, and an increase was observed in the index of 110 items. Monthly and annual changes (percentage) by sectors and subgroups are as follows:
Scope |
Monthly |
Annual |
CPI |
2.97 |
49.38 |
Food and non-alcoholic beverages |
2.48 |
43.72 |
Alcoholic beverages and tobacco |
4.16 |
52.35 |
Clothing and footwear |
3.63 |
30.7 |
Housing |
3.86 |
97.87 |
Household goods |
1.98 |
40.29 |
Health |
1.51 |
50.7 |
Transportation |
2.44 |
26.6 |
Communication |
-0.88 |
36.64 |
Entertainment and culture |
2.35 |
43.96 |
Education |
14.21 |
93.59 |
Restaurants and hotels |
2.72 |
65.41 |
Various goods and services |
3.25 |
46.69 |
CORE CPI INDICATORS
Excluding unprocessed food products, energy, alcoholic beverages, tobacco, and gold, the change in CPI in September was 3.22% compared to the previous month, 36.44% compared to last December, 48.23% compared to the same month last year, and 64.74% according to 12-month averages. Looking at the core consumer price index indicators, the least increase in September was 2.84% in the "CPI excluding unprocessed food, alcoholic beverages, and tobacco products" indicator. The highest annual increase was recorded at 51.67% in the "CPI excluding seasonal products" indicator. The core CPI indicators (percentage) are as follows:
Scope
|
Monthly |
Annual |
CPI excluding seasonal products |
2.92 |
51.67 |
CPI excluding unprocessed food products, energy, alcoholic beverages, tobacco, and gold |
3.22 |
48.23 |
CPI excluding energy, food and non-alcoholic beverages, alcoholic beverages, tobacco products, and gold |
3.57 |
49.1 |
CPI excluding unprocessed food, alcoholic beverages, and tobacco products |
2.84 |
50.05 |
CPI excluding alcoholic beverages and tobacco |
2.92 |
49.27 |
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