Inflation climbs to 18-month high By Investing.com



Investing.com – According to TURKSTAT data, in February it was 0.91% on the previous month, 2.60% on December of the previous year, 15.61% on the same month of the previous year and 12.81% on the twelve-month averages. increased. Thus, the highest level was seen after August 2019.

Core CPI excluding energy, food – non-alcoholic beverages and alcoholic beverages – tobacco products and gold was 16.21%.

The other main groups where the increase was low compared to the same month of the previous year were education with 6.13%, clothing and shoes with 6.31% and communication with 7.15%. On the other hand, the main groups with higher increases compared to the same month of the previous year were household goods with 23.74%, transportation with 22.47% and various goods and services with 20.61%, respectively.

Other main groups that decreased in February 2021 by main expenditure groups were entertainment and culture with 0.98% and clothing and shoes with 0.93%. On the other hand, the groups with high increases in February 2021 by main expenditure groups were health with 3.00%, food and non-alcoholic beverages with 2.57%, and restaurants and hotels with 1.32%, respectively.

In February 2021, the average price of 117 items out of 415 items covered in the index decreased, while the average price of 35 items remained unchanged. There was an increase in the average price of 263 items.

CPI excluding unprocessed food products, energy, alcoholic beverages, tobacco and gold, in February 2021, 0.79% compared to the previous month, 2.44% compared to December of the previous year, 16.92% compared to the same month of the previous year and an increase of 12.75% compared to the twelve-month averages.

Author: Necdet Erginsoy

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