According to TÜİK data, CPI was announced as 6.70% monthly (expectation: 6.6%) and 64.86% annually (expectation: 64.75%).
Consumer price index (CPI) increased by 64.86% annually and 6.70% monthly
According to TÜİK data; The change in CPI (2003=100) in January 2024 is 6.70% compared to the previous month, 6.70% compared to December of the previous year, 64.86% compared to the same month of the previous year and % according to twelve-month averages. It was 54.72.
CPI annual change rates (%), January 2024
The main group that showed the least increase compared to the same month of the previous year was clothing and shoes with 40.62%. On the other hand, the main group with the highest increase compared to the same month of the previous year was restaurants and hotels with 92.27%.
Annual change rates by main expenditure groups (%), January 2024
In terms of main expenditure groups, the main group that showed the least increase in January 2024 compared to the previous month was clothing and shoes with -1.61%. On the other hand, the main group with the highest increase in January 2024 compared to the previous month was health with 17.68% (indexes, weights and rates of change according to main expenditure groups are in Annex Table-1).
Monthly change rates by main expenditure groups (%), January 2024
As of January 2024, among the 143 basic headings covered in the index (Individual Consumption Classification by Purpose-COICOP 5-Level), there was a decrease in the index of 8 basic headings, while the index of 4 basic headings remained unchanged. There was an increase in the index of 131 basic headings.
Special comprehensive CPI indicator (B) was 67.68% annually and 6.85% monthly
The change in CPI, excluding unprocessed food products, energy, alcoholic beverages and tobacco and gold, was 6.85% in January 2024 compared to the previous month, 6.85% compared to December of the previous year, and 67% compared to the same month of the previous year. It was 59.60% compared to .68 and twelve-month averages.
Annual inflation, which is expected to remain high in the first half of the year due to the base effect, may be expected to complete the year at a lower rate with the decline in core inflation in the second half of the year. According to the market participants survey conducted by the CBRT in January, annual inflation is expected to be 42.04% in 2024.
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