The Turkish Statistical Institute (TÜİK) has released the inflation data for November. According to the announced figures, based on 12 month averages, consumer prices increased by 35.91%, while domestic producer prices increased by 25.37%. On a monthly basis, the CPI increased by 0.87% and the D-PPI by 0.84%. The CPI increased by 29.74% compared to December of last year and by 31.07% compared to the same month of the previous year. Accordingly, the rent increase cap for December has also been set at 35.91%.
The annual increase in producer prices was 27.23%
On the D-PPI side, the annual rate of increase was recorded as 27.23%. The index increased by 26.72% compared to December 2024 and by 27.23% compared to November of last year. On a sectoral basis, mining and quarrying increased by 32.6%, manufacturing by 27.04%, electricity and gas production and distribution by 24.92%, and water supply by 57.62% on an annual basis.
The upward trend continued in the main industrial groups
In the annual changes of the main industrial groups, intermediate goods increased by 23.09%, durable consumer goods by 33.17%, nondurable consumer goods by 31.65%, energy by 27.4%, and capital goods by 28.44%. On a monthly basis, mining and quarrying rose by 1.77%, manufacturing by 1.17%, and water supply by 2.02%, while a 3.1% decrease was recorded in electricity and gas production and distribution. Intermediate goods increased by 1.27%, durable consumer goods by 1.08%, nondurable consumer goods by 0.48%, and capital goods by 1.54%, whereas the energy group saw a monthly decline of 0.48%.
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