TURKSTAT Announces July Inflation Figures

Turkish Statistical Institute, eagerly awaited July inflation rates announced today. Inflation, which broke the record of the last 20 years in the past months and slowed down in May compared to the previous months, continued to rise in July as well.

According to TUIK data, the month of July monthly consumer inflation 2.37% took place as Annual inflation reached 79.60%. While the domestic producer price index increased by 5.17% on a monthly basis, it increased by 144.61% on an annual basis.

The prices of the transportation group, the record holder of the last months, decreased for the first time, the leader of the month was health:

According to the data shared by TURKSTAT, in July The spending group with the highest increase in prices is ‘health’. it happened. Accordingly, the prices of this group increased by 6.98% in one month. The group that followed health was alcoholic beverages and tobacco, followed by entertainment and culture. In the transportation group, which has been at the top of the list in recent months, A regression was observed for the first time with -0.85%.

On an annual basis, the highest increase was seen in retransport. The transportation group saw a year-on-year increase of 119.11%. The group following transportation was food and non-alcoholic beverages with 94.65% and household goods with 88.35%.

Increase in products and expenditure groups:

The main spending groups with the highest increase

• Health – 6.98%
• Alcoholic beverages and tobacco – 6.85%
• Entertainment and culture – 4.50%
• Household goods – 3.91%
• Food and non-alcoholic beverages – 3.15%
• Restaurants and hotels – 2,49%
• CPI – 2.37%
• Miscellaneous goods and services – 2.06%
• Housing – 1.99%
• Clothing and shoes – 1.80%
• Communication – 1.78%
• Education – 0.76%
• Transportation – -0,85%

The main expenditure groups with the highest increase in the last 12 months

• Transportation – 119.11%
• Food and non-alcoholic beverages – 94.65%
• Household goods – 88.35%
• Alcoholic beverages and tobacco – 82.66%
• CPI – 79.60%
• Restaurants and hotels – 79.1%
• Housing – 69.96%
• Miscellaneous goods and services – 66.82%
• Entertainment and culture – 55.27%
• Health – 48.44%
• Education – 32.09%
• Clothing and shoes – 26.82%
• Communication – 25.79%

The products with the highest prices:

• Medicines – 18.66%
• Eggs and egg related products – 16.54%
• Intercity passenger transport by rail – 13.80%
• Rice – 12.63%
• Sports, camping and outdoor recreation equipment – 11.49%
• Books – 10.54%
• Potatoes and some tubers – 9.29%
• Intercity passenger transport by road – 9.08%
• Vegetables – 8.49%
• Pasta types – 7.91%