May inflation figures announced By Investing.com



Investing.com – Inflation figures released. According to TUIK data, it became 16.59% in May, with a monthly increase of 0.89%. while it increased by 3.92% monthly to 38.33%. While the increase in PPI continued, 17-day closure was effective in CPI. However, inflation is expected to continue to rise in June due to the rise in PPI and the fluctuation in the exchange rate.

According to the statement of TURKSTAT;

In May, it increased by 0.89% compared to the previous month, increased by 6.39% compared to December of the previous year, increased by 16.59% compared to the same month of the previous year and increased by 14.13% compared to the averages of twelve months.

The lowest annual increase was 2.90% in the alcoholic beverages and tobacco group. The other main groups in which the increase was lower compared to the same month of the previous year were clothing and footwear with 5.75%, communication with 8.07% and entertainment and culture with 10.05%, respectively. On the other hand, the main groups with the highest increase compared to the same month of the previous year were transportation with 28.39%, household goods with 21.79% and health with 19.30%, respectively.

The group with the highest monthly decline was entertainment and culture with 1.32%. In terms of main expenditure groups, the other main group that decreased in May 2021 was alcoholic beverages and tobacco with 0.01%. The other main groups that showed the least increase were food and non-alcoholic beverages with 0.29% and health with 0.30%. On the other hand, the groups with the highest increase in May 2021 were transportation with 2.56%, clothing and shoes with 1.76%, and miscellaneous goods and services with 1.62%, respectively.

Special CPI indicator (B) increased by 17.49% year on year and 0.98% monthly

In May 2021, CPI excluding unprocessed food products, energy, alcoholic beverages, tobacco and gold was 0.98% compared to the previous month, 6.48% compared to December of the previous year, 17.49% compared to the same month of the previous year. and an increase of 14.35% compared to the twelve-month averages.

change in PPI;

Annual changes in the four sectors of the industry; an increase of 32.88% in mining and quarrying, 41.27% in manufacturing, 6.64% in electricity and gas production and distribution, and 29.72% in water supply.

Annual changes of the main industrial groups; an increase of 47.76% in intermediate goods, 29.18% in durable consumer goods, 25.22% in non-durable consumer goods, 43.33% in energy and 29.49% in capital goods.

Monthly changes in the four sectors of the industry; 2.76% increase in mining and quarrying, 3.94% increase in manufacturing, 4.55% increase in electricity and gas production and distribution, and 0.47% increase in water supply.

Monthly changes of the main industrial groups; an increase of 5.20% in intermediate goods, 2.40% in durable consumer goods, 1.65% in non-durable consumer goods, 5.17% in energy and 3.14% in capital goods.

The lowest annual increase; Electricity, gas, steam and air conditioning production and distribution with 6.64%, clothing with 8.58%, leather and related products with 12.64%. On the other hand, with 217.86% crude oil and natural gas, 167.09% coke and refined petroleum products, and basic metals with 84.66%, the sub-sectors in which the indices increased the most.

Single monthly decrease; It was realized in the basic pharmaceutical products and preparations sub-sector with 0.22%. On the other hand, basic metals with 8.97%, wood and cork products (excluding furniture) with 8.41%, coke and refined petroleum products with 7.99% were the sub-sectors with the highest increase in indices.

Author: Necdet Erginsoy

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