Turkish Statistical Institute TUIK announced the consumer inflation data for June as of 10:00 am. While the consumer price index for June increased by 3.92%, the annual CPI was recorded as 38.21%.
Despite the increase in the exchange rate, the headline inflation, which remained lower than the previous June, caused the decline in annual data to continue. The annual CPI, which saw 85% in October 2022, has been decreasing for 8 consecutive months.
The 6-month consumer inflation, followed by pensioners and civil servants, was 19.77%. Although the welfare share and the amounts to be made are not clear yet, civil servants and retirees will receive a raise at least at this rate.
Dollar/TL Watches Calm
The dollar rate, which rose to the level of 26 TL before the holiday, has remained stable since last week. TURKSTAT inflation data announced at 10.00 Turkish time did not cause an upward movement in the Dollar/TL parity.
The dollar rate is currently at the level of 26.08.
Gram Gold Holds Over 1600TL
Since the beginning of June, the gram gold price has also increased significantly. Although gram gold has increased by 30% since the election night, all of this appreciation came from the exchange rate. An ounce of gold, which is tied to the dollar, fell 1% in the given period.
Gram gold currently finds buyers at the level of 1.614 TL. If the ounce gold price does not decrease, gram gold can continue to hold on the 1.590 TL support.
Stock Market Starts The Day With Light Buyer
Borsa İstanbul, which started the session at the same time as the TÜİK inflation data, made a positive start to the day. As of 10.35 pm, the BIST 100 index is at 6,050 points.
Investors were satisfied that the stock market, which fell to 6,000 points with the sales at noon yesterday, held on to the psychological limit.
The highest rising share of the day, OTKAR, stood out from other companies with a gain of 8.37%. BRYAT, CANTE and EUREN are among the shares that have lost more than 1% value since the beginning of the session.
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