According to TURKSTAT data; While CPI increased 0.91 percent on a monthly basis, annual inflation rose to 15.61 percent. Producer prices increased by 27 percent annually. While the rapid upward trend in inflation continues. Annual CPI, which is expected to peak like April and May, increased faster than expected in February and saw the peak of 1.5 years. Consumer prices increased by 0.91 percent monthly in February. Annual inflation, which was 14.97 percent the previous month, rose to 15.61 percent. Annual inflation was the highest since July 2019. Market estimates for February were that there would be an increase of 0.75 percent monthly and 15.45 annually. According to TURKSTAT data; In CPI (2003 = 100), 0.91 percent compared to the previous month in February 2021, 2.60 percent compared to December of the previous year, 15.61 percent compared to the same month of the previous year and 12 percent on the twelve-month averages Increased by 81.
Highest price increase for household goods
The other main groups where the increase was low compared to the same month of the previous year were education with 6.13 percent, clothing and footwear with 6.31 percent and communication with 7.15 percent, respectively. The main groups with higher increase compared to the same month of the previous year were household goods with 23.74 percent, transportation with 22.47 percent and various goods and services with 20.61 percent, respectively. In terms of the main spending groups, the other main groups that decreased in February 2021 were entertainment and culture with 0.98 percent and clothing and shoes with 0.93 percent. On the other hand, the groups with high increases in February 2021 by main expenditure groups were health with 3.00 percent, food and non-alcoholic beverages with 2.57 percent, and restaurants and hotels with 1.32 percent, respectively.
Core inflation 16.21 percent
The annual increase in core inflation (C-Index) was 16.21 percent. The special CPI indicator (B) increased by 16.92 percent annually and 0.79 percent monthly. CPI excluding unprocessed food products, energy, alcoholic beverages and tobacco and gold 'In February 2021, 0.79 percent compared to the previous month, 2.44 percent compared to December of the previous year, 16.92 percent compared to the same month of the previous year and There was an increase of 12.75 percent compared to the twelve-month averages.
Annual increase in producer prices is 27 percent
The rapid increase in domestic producer prices drew attention. D-PPI (2003 = 100) In February 2021, 1.22 percent compared to the previous month, 3.92 percent compared to December of the previous year, 27.09 percent compared to the same month of the previous year and 15 percent on the twelve-month averages Increased by 14
Manufacturing increased 29.57 percent annually
Annual changes of the four sectors of the industry; 17.32 percent in mining and quarrying, 29.57 percent in manufacturing, 0.68 percent in electricity and gas production and distribution, and 27.31 percent in water supply. Annual changes of the main industrial groups; 33.77 percent in intermediate goods, 29.29 percent in durable consumer goods, 22.81 percent in nondurable consumer goods, 8.44 percent in energy and 26.54 percent in capital goods. Monthly changes of the four sectors of the industry; There was a 0.14 percent decrease in mining and quarrying, an increase of 1.56 percent in manufacturing, a 1.73 percent decrease in electricity and gas production and distribution, and a 1.06 percent increase in water supply. Monthly changes of the main industrial groups; 1.05 percent in intermediate goods, 0.85 percent in durable consumer goods, 2.44 percent in nondurable consumer goods, 0.68 percent in energy, and 0.48 percent decrease in capital goods.
