TURKSTAT Announces May Inflation Figures

Was the Inflation Rate Announced, What Percent Was It ()
TurkStat Inflation Rate

According to TURKSTAT, consumer inflation in May was 0,04 percent monthly and 39,59 percent annually. According to ENAG, consumer prices increased by 5,68 percent monthly and 105,45 percent annually in May.

Turkish Statistical Institute (TUIK) announced the consumer inflation data for May.

Accordingly, in May 2023, consumer prices were realized as 0,04 percent compared to the previous month, 15,26 percent compared to December of the previous year, 39,59 percent compared to the same month of the previous year and 63,72 percent according to the twelve-month averages. took place.

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TurkStat announced monthly inflation as 2,39 percent and annual inflation as 43,68 percent in April.

The inflation expectation for May was 0,07 percent monthly, 39,6 percent annually in the AA survey, and -0,2 percent monthly and 39,2 percent annually in the Reuters survey.

The inflation in Istanbul, announced by the Istanbul Chamber of Commerce (ITO), was 1,66 percent monthly and 56,05 percent annually in April.

The main group that showed the least increase compared to the same month of the previous year was clothing and shoes with 19,49%. 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 68,98%.