Turkish Statistical Institute revealed that Turkey consumer price index (CPI) rose 0.45 percent in May compared to April. On a year-on-year basis, the CPI expanded by 11.72 percent while the 12-months moving average basis indicated an increase of 9.09 percent. Since December, CPI expanded 6.18 percent.
Clothing And Footwear
The release revealed that clothing and footwear hit the biggest monthly increase of 5.97 percent. The indices for recreation and culture rose 2.42 percent whereas education, hotels, cafes and restaurants increased 0.90 percent and 0.89 percent respectively. Similarly, furnishing and household equipment grew 0.77 percent.
On the other hand, miscellaneous goods and services index saw the biggest monthly fall of 0.91 percent in May. Similarly, transportation and food and non-alcoholic beverages indices fell 0.73 percent and 0.55 percent respectively.
The official statement revealed, “In May 2017 within average prices of 414 items in the index, average prices of 63 items remained unchanged while average prices of 272 items increased and average prices of 79 items decreased.”
Highest Annual Increase
As far as the biggest yearly increase, food and non-alcoholic beverages increased 16.91 percent while transportation followed it with 15.81 percent. Health and miscellaneous goods and services recorded an increase of 13.29 percent and 11.6 percent respectively.