The Central Bank of the Republic of Turkey evaluated the January 2022 inflation data of TUIK. In the statements made, it was stated that the price increase in sub-categories continued, but the thing that affected inflation the most was energy prices. Foreign exchange was evaluated as “stable outlook”.
In a news we shared with you yesterday, The first inflation data of 2022 since it was announced we talked about. According to the announced data, annual inflation in Turkey 48.7 percentand monthly inflation rose to 11.1 percent. Inflation Research Group (ENAG), on the other hand, 114.87 percent declared that. Now, these data, the Central Bank of the Republic of Turkey (CBT) was evaluated by
In the evaluation report prepared by the Central Bank, the categories whose prices increased the most in January were mentioned. Explaining that the increase spread across groups, officials said that the biggest impact on inflation was comes from energy they stated. In the report, the exchange rate during the month of January stable stated to be in view.
The Central Bank’s inflation statement is as follows:
“As the increase in annual consumer inflation spread across subgroups, the most obvious contribution to this development was from energy prices has arrived. While exchange rates displayed a stable outlook in January, commodity prices showed a strong increase again after the decline due to the Omikron variant. As a result of energy inflation, the increase in international oil prices and the developments in managed/directed items such as electricity, natural gas, and mains water. important greatly increased. It is considered that the secondary effects of increases in energy costs, primarily electricity, are also observed on consumer prices. Rise in annual food inflation while continuing across subgroups, fresh fruit and vegetable inflation, which had been relatively mild in previous periods, displayed a high increase in this period. The upward trend in core goods prices continued, being more evident in non-clothing groups. Service inflation, on the other hand, increased under the leadership of transportation, restaurant-hotel, health and maintenance-repair subgroups. Increase in the prices of alcoholic beverages and tobacco products on the excise tax reflections of the developments were observed. As a result of the increases in international commodity prices, especially energy and metals, that spread throughout the sectors, and the disruptions in the supply chains, producer prices were caused by producer prices. prints lasted. Under this outlook, the annual inflation and underlying trends of indicators B and C the rise continued“
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Source :
https://tr.sputniknews.com/20220204/merkez-bankasi-inflasyona-en-yuksek-katki-enerjiden-geldi-1053460599.html