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The rental increase rate for homes and workplaces has been determined: 63.47%.

The rental increase rate for homes and workplaces has been determined: 63.47%.

03.10.2024 12:02

According to data from the Turkish Statistical Institute, in September, the highest annual increase in the Consumer Price Index (CPI) was recorded in the housing group at 97.87%, while the highest monthly increase was observed in the education group. According to inflation data, the rent increase rate for homes and workplaces stood out at 63.47%.

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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:





















































































































































ScopeMonthlyAnnual
CPI2.9749.38
Food and non-alcoholic beverages2.4843.72
Alcoholic beverages and tobacco4.1652.35
Clothing and footwear3.6330.7
Housing3.8697.87
Household goods1.9840.29
Health1.5150.7
Transportation2.4426.6
Communication-0.8836.64
Entertainment and culture2.3543.96
Education14.2193.59
Restaurants and hotels2.7265.41
Various goods and services3.2546.69


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

MonthlyAnnual
CPI excluding seasonal products2.9251.67
CPI excluding unprocessed food products, energy, alcoholic beverages, tobacco, and gold3.2248.23
CPI excluding energy, food and non-alcoholic beverages, alcoholic beverages, tobacco products, and gold3.5749.1
CPI excluding unprocessed food, alcoholic beverages, and tobacco products2.8450.05
CPI excluding alcoholic beverages and tobacco2.9249.27


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