INFLATION BREAKS 15-YEAR RECORD: TURKSTAT
Accord ng to Turkey’s Stat st cal Inst tute (TurkStat), September CPI reached ts h ghest level n 17 years on a monthly bas s w th an ncrease of 6.3 percent. The annual ncrease of 24.52 percent was also the h ghest level n the last 15 years. Consumer nflat on ncreased by 19.37 percent s nce the beg nn ng of the year. The pr ce of 339 tems n the nflat on
basket of 407 ncreased wh le 18 fell and the pr ce of 50 tems rema ned unchanged. Accord ng to the ma n expend ture groups, the monthly ncrease n food and non-alcohol c beverages, wh ch make up 23.03 percent of the nflat on basket, was 6.4 percent. The monthly ncrease was 11.4 percent n household goods, 9.15 percent n transportat on and 7.42 percent n var ous goods and serv ces. The h ghest annual ncrease among these tems was household goods at 37.28 percent, followed by transportat on at 36.61 percent and var ous goods and serv ces at 30.61 percent. The annual ncrease n food and non-alcohol c beverages was 27.7 percent.
Annual D-PPI takes major h t n energy costs
The D-PPI, wh ch shows the change n the pre-sales pr ces of the products produced n Turkey, exclud ng taxes, ncreased by 10.88 percent month-on-month and 46.15 percent year-on-year. The h ghest monthly ncrease was n electr c ty and gas at 40.2 percent. The annual ncrease n th s sector was 71.88 percent and the year-to-date ncrease was 72.01 percent. The annual ncrease was 44.77 percent n the manufactur ng ndustry, 37.2 percent n m n ng and quarry ng and 8.64 percent n water costs.