Turkey: Consumer Price Index up 11.76% yoy and 0.58% on a monthly basis

Turkey: Consumer Price Index up 11.76% yoy and 0.58% on a monthly basis

In July 2020, the CPI consumer price index increased by 0.58% compared to the previous month, 6.37% compared to December of the previous year, 11.76% compared to the same month of the previous year and 11% according to the average of twelve months.

The lowest annual increase was in communication with 5.81%

Other major groups, where growth was low compared to the same month last year, were entertainment and culture at 6.04%, household goods at 7.78% and transport at 8.81%, respectively. On the other hand, the main groups in which the increase was higher compared to the same month of the previous year were various goods and services with 21.90%, alcoholic beverages and tobacco with 21.78% and health with 14.17% respectively.

The highest monthly decrease was 3.48% in the clothing and footwear group./ibna