In the November 2020 CPI (2003 = 100), 2.30 per cent compared to the previous month, 13.19 per cent compared to December of the previous year, 14.03 per cent compared to the same month of the previous year and 12 per cent on average for twelve months. The increase was .04.
ALCOHOLIC DRINKS AND TOBACCO GROUP ONCE AGAIN
Compared to the same month of the previous year, the other main groups saw a slight increase in clothing and footwear with 0.99%, communication with 5.19% and education with 7.00%, respectively. On the other hand, the main groups with the highest increase compared to the same month of the previous year were different goods and services with 29.42 per cent, food and non-alcoholic beverages with 21.08 per cent and transport with 18.67 per cent, respectively.
ONLY ONE GROUP THAT KNOWS THE MONTH DOWN IS USED BY 0.19 PERCENT
In terms of major spending groups, the only major group that declined in November 2020 was 0.19 percent of education. Although there was no monthly change in the main group of alcoholic beverages and tobacco, the groups with the lowest increase were communication with 0.12% and health with 0.80%. On the other hand, in November 2020 the group saw significant increases in transport with 4.51 per cent, food and non-alcoholic beverages with 4.16 per cent and household goods with 1.69 per cent, respectively.
KPI INDICATOR OF SPECIAL QUALIFICATION (B) YEAR INCREASE OF 13.72%, MONTHLY 2.14%
Excluding food products, energy, alcoholic beverages, tobacco and gold, not processed in the CPI, in November 2020, 2.14% compared to the previous month, 13.26% compared to December of the previous year, 13.72% compared to the same month of the previous year. and rose by 11.50% compared to the twelve-month averages.
Finance and Finance Minister Lütfü Elvan made statements on the inflation rate of 14.03 per cent, which was above expectations.
Elvan said: “We will use our money and fiscal policy tools in coordination to properly manage inflation expectations and consolidate price stability,” Elvan said.
“November inflation was 14.03% higher than market expectations, reflecting the effects of food, oil prices and the exchange rate.
We are working hard to minimize the effects of high inflation on citizens. “