A change in general index was realised in CPI (2003=100) on the previous month by 1.46 per cent, on December of the previous year by 47.85 per cent, on same month of the previous year by 80.21 per cent, and on the twelve months moving averages basis by 54.69 per cent in August 2022, according to a press release by the Turkish Statistical Institute (TurkStat).

Turkiye’s inflation rate has broken records after its consumer price index (CPI) touched 80.21 per cent on an annual rate in August 2022. This is the first time since the country’s official inflation rate crossed 80 per cent since 1998. A change in general index was realised in CPI (2003=100) on the previous month by 1.46 per cent, as per TurkStat.

The CPI for clothing and footwear stood at 38.03 per cent for the period. Communication with 27.05 per cent was the main group that indicated the lowest annual increase. On the other hand, transportation with 116.87 per cent was the main group where the highest annual increase realised.

In August 2022, transportation with -1.78 per cent was the main group that indicated the lowest monthly increase, added the release.

In August 2022, within indices of 144 basic headings (Classification of Individual Consumption by Purpose-COICOP 5 Digit Level) in the index, the index of 16 basic headings decreased and the index of five basic headings remained unchanged while the index of 123 basic headings increased.

Fibre2Fashion News Desk (NB)