The Turkish Statistical Institute (TÜİK) announced the inflation data for the highly anticipated January 2022 period today. January data was almost in line with expectations.
The Turkish Statistical Institute (TÜİK) announced the inflation rate for 2021 as 36.08%, with the inflation data it shared in the December 2021 period. While it has been announced that the effects of the rapidly increasing inflation since September will continue ‘for a while’, it will be an indicator of this. First inflation data of 2022 shared.
TurkStat announced the consumer inflation for the period of January 2022. According to the statement consumer prices in january increased 11.1% monthly and 48.7% year-on-year (in the last 12 months). The rates were announced to be close to the inflation expectations. Inflation expectations were 10.09% monthly and 48.42% annually.
ENAG showed inflation at a much higher level on an annual basis:
On the other hand, Inflation Research Group (ENAG) announced the inflation figures for January at the same time. According to ENAG, inflation in January 15.52% per month increasing at the rate of 114.87% in the last 12 months rate increased.
Inflation data on product basis according to TUIK data:
Price compared to the same period of the previous year The main groups that increased the most were as follows:
- Transportation – 68.89%
- Food and non-alcoholic beverages – 54.53%
- Restaurants and hotels – 50.40%
- Housing – 48.41%
- Alcoholic beverages and tobacco – 45.34%
The groups whose prices increased the most compared to the previous month were as follows:
- Alcoholic beverages and tobacco – 21.90%
- Housing – 18.91%
- Household goods – 12.82%
- Health – 11.27%
- Transportation – 11.15%
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