September inflation data announced

TurkStat announced the developments in the Consumer Price Index (CPI) for September. Accordingly, annual inflation was 83.45 percent in September. The market expectation was for inflation to reach 84.5 percent. In August, annual inflation was announced as 80.21 percent.

In September, consumer prices increased by 3.08 percent compared to the previous month and by 52.4 percent compared to December of the previous year.

CPI change rates (%), September 2022

September 2022 September 2021 September 2020 Rate of change compared to the previous month 3.08 1.25 0.97 Rate of change compared to December of the previous year 52.40 13.04 8.33 Rate of change compared to the same month of the previous year 83.45 19 ,58 11.75 Change rate according to twelve-month averages 59.91 16.42 11.47 TRANSPORTATION IS AT THE TOP

Looking at the main expenditure groups, the highest annual increase was experienced in transportation, as in the previous month. The price increase in the transportation group was recorded as 117.66 percent. Food and non-alcoholic beverages followed with an increase of 93.05 percent.