May inflation figures announced

The Turkish Statistical Institute (TUIK) announced inflation data for the month of May.

According to the data, D-PPI increased 3.92% in May compared to the previous month, 17.34% compared to December of the previous year, 38.33% compared to the same month of l year before and 22.24% on average. twelve months.

The annual variations in the 4 industry sectors in May were 32.88% in mining and quarrying, 41.27% in the manufacturing sector, 6.64% in the production and distribution of electricity and gas and 29.72% in water supply.

Looking at the monthly changes in these groups, there was an increase of 2.76% in mining and quarrying, 3.94% in manufacturing, 4.55% in production and distribution. electricity and gas and 0.47% in water supply.

Source: TURKSTAT

THE PRODUCT THAT RAISES THE MOST IN MAY IS THE POTATO, THE PRODUCT THAT FALLS THE MOST IS THE PEPPER

Based on consumer prices, the largest price increase in May was potato with 41.57 percent, while the cheapest commodity was green pepper with 50.94 percent.

Last month, the rise in potato prices was followed by carrots with 36.37 percent and intercity bus fares with 29.46 percent.

The other products with the largest price increase in May included domestic channels of a week or more with 17.48 percent, lemon with 16.63 percent and jewelry (gold) with 8.99 percent.

The most significant price drop last month was for green pepper with 50.94%. Next come green pepper with 45.52 percent, green beans with 34.90 percent, tomato with 27.44 percent, cucumber with 25.22 percent and garlic with 21.20 percent.

When we analyze the annual variations of the main industrial groups, we see an increase of 47.76% of intermediate goods, of 29.18% of durable goods, of 25.22% of non-durable goods, of 43.33% energy and 29.49% of capital goods.

Looking at the monthly changes in these groups, increases were recorded in intermediate goods by 5.2%, durable goods by 2.4%, non-durable goods by 1.65%, energy from 5.17% and capital goods 3.14%.

The lowest annual increase was recorded in the production and distribution of electricity, gas, steam and air conditioning with 6.64 percent, clothing with 8.58 percent, leather and related products with 12 , 64 percent. In contrast, crude oil and natural gas with 217.86 percent, coke and refined petroleum products with 167.09 percent and base metals with 84.66 percent were the sub-sectors with the most sharp increase in indices.

The only monthly decrease was 0.22% in the basic pharmaceuticals and preparations sub-sector. In contrast, base metals with 8.97 percent, wood and cork products (excluding furniture) with 8.41 percent, coke and refined petroleum products with 7.99 percent were recorded as sub-sectors where the indices increased the most.

INCREASING THE DIFFERENCE FOR OFFICERS AND RETIRED OFFICERS

While the 5-month CPI was 6.39 percent, the inflation difference increased 3.38 percent for civil servants, contract staff and retired civil servants.

EXPECTATIONS

The average May inflation expectations of economists participating in AA Finans’ inflation expectations survey was 1.39%. According to this average, annual inflation, which was 17.14% the previous month, is expected to rise to 17.17%.

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