While annual inflation receded in January due to the base effect, the monthly inflation series did not give a medium.
According to the Turkish Statistical Institute (TUIK), consumer prices increased by 57.68 percent in January compared to the same period of the previous year.
In the Bloomberg HT survey, the market expects annual inflation to be 53.7 percent; monthly inflation was determined as 3.8 percent.
One of the leading indicators in January’s inflation, it was concluded that the trend of monthly price increases continued.
According to the data of the Istanbul Chamber of Commerce (ITO), retail prices increased by 5.94 percent in January compared to the previous month. The annual increase in January was 79.68 percent.
According to the ITO information, the monthly inflation series in Istanbul increased to the 43rd month as of January.
In the food prices indicators of Türk-İş in Ankara, he pointed to the upward momentum in January.
Türk-İş food inflation hit three new digits in January. According to the End of Hunger and Poverty January 2023 research prepared by Türk-İş, the increase in the minimum expenditure price that a family of four living in Ankara should make for “food” was 9.02 percent compared to the previous month.
The monthly food expenditure (hunger limit) required for a family of four to have a healthy, stable and sufficient diet has increased to 8,864 liras.
The total price of food expenditures and other monthly expenditures for clothing, housing, rent, electricity, water, fuel, transportation, education, health and other essential needs, that is the poverty line, was determined as 28,874 liras.
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