July inflation figures announced

TÜİK, July inflation figuresannounced on.

Inflation rose 1.80% in July and rose to 18.95% on an annual basis. Data shows the highest July inflation since 2003.

In CPI (2003 = 100) in July 2021, 1.80% compared to the previous month, 10.41% compared to December of the previous year, 18.95% according to the same month of the previous year and 15 % based on twelve month averages There was an increase of 0.15.

According to the annual CPI, 7 main groups showed smaller changes and 5 main groups showed larger changes.

The smallest annual increase was 1.80% in the alcoholic beverages and tobacco group. The other main groups in which the increase was smaller compared to the same month of the previous year were communication with 4.41%, clothing and shoes with 8.54% and education with 10.61%, respectively.

On the other hand, the main groups with the greatest increase compared to the same month of the previous year were food and non-alcoholic beverages with 24.92%, transport with 24.62% and household items with 22. , 70%.

Source: TURKSTAT

According to the monthly CPI, 9 main groups showed smaller changes and 3 main groups showed larger changes.

The main groups that posted monthly declines were clothing and footwear with 2.13% and housewares with 0.06%. In terms of large spending groups, the other large groups that increased the least in July 2021 were alcoholic beverages and tobacco with 0.02%, communication with 0.12%, miscellaneous goods and services with 0.13. % and health with 0.41%.

In contrast, the groups with the largest increase in July 2021 were residences with 5.07%, food and non-alcoholic beverages with 2.77% and restaurants and hotels with 2.72%.

In July 2021, out of 415 items included in the index, the average price of 81 items decreased, while the average price of 50 items remained unchanged. The average price of 284 items has increased.

Special indicator CPI (B) up 18.51% over one year and 1.00% monthly

In July 2021, the CPI excluding unprocessed food, energy, alcoholic beverages, tobacco and gold was 1.00% from the previous month, 10.17% from December of the previous year, from 18 , 51% compared to the same month of the previous year. and a 15.54% increase over twelve month averages.

expectations

The average July inflation expectations of economists participating in AA Finans’ inflation expectations survey was 1.62%. According to this average, annual inflation, which was 17.53 percent the previous month, is expected to rise to 18.74 percent.

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