Inflation rate announced. The inflation rate of November 2022 was shared with the public by TURKSTAT. The inflation rate for November 2022, which is critical for the minimum wage inflation calculation, civil servant and pensioner hike calculations, and the rent increase rate, is 2,88 per month; the annual rate was 84,39. ENAG, on the other hand, announced that annual inflation was 170,70% in November. So, what is the November inflation rate? Here is 2022 November inflation increase rate and 5-month inflation difference increase rate.
Turkish Statistical Institute (TUIK) announced the inflation figures for November. Annual consumer inflation (CPI), which was 85,51 percent in October, was 84,39 percent in November. In November, monthly inflation was 2,88 percent.
Thus, as the base effect kicked in in November, inflation decreased slightly from the peak level of the last 24 years. The expectation of economists participating in the Reuters survey was that consumer prices would rise 3 percent monthly and 84,65 percent annually.
The Inflation Research Group (ENAG), formed by independent academics, calculated monthly inflation as 4,24 percent and annual inflation as 170,70 percent in November.
The change in CPI (2003=100) in November 2022 is 2,88 percent compared to the previous month, 62,35 percent compared to December of the previous year, 84,39 percent compared to the same month of the previous year and according to the twelve-month averages. It was realized as 70,36.
On the other hand, food inflation was 102,55 percent annually and 5,75 percent monthly in November. Butter was the champion of the raise in November with an increase of 17,58 percent. Fresh milk followed with an increase of 15,71 percent and cheese with an increase of 15,05 percent.
HIGHEST MONTHLY INCREASE IN FOOD
The main group that showed the least increase compared to the same month of the previous year was communication with 35,87 percent. On the other hand, the main group with the highest increase compared to the same month of the previous year was transportation with 107,03 percent.
In terms of main expenditure groups, the main group that showed the least increase in November compared to the previous month was clothing and shoes with -1,42%. On the other hand, in November 2022, the main group with the highest increase compared to the previous month was food and non-alcoholic beverages with 5,75 percent.
In November, the index of 144 fundamental and 17 fundamental titles covered in the index decreased, while the index of 8 main titles remained unchanged. There was an increase in the index of 119 basic titles.
The change in the CPI excluding unprocessed food products, energy, alcoholic beverages, tobacco and gold was 2022 percent compared to the previous month in November 2,73, 54,68 percent compared to December of the previous year, and 76,18 percent compared to the same month of the previous year. It was 61,31 percent according to the .XNUMX and twelve-month averages.
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