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When will inflation be announced? (August 2022 inflation rate)

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The inflation rate for August will be determined after the data to be shared by the Turkish Statistical Institute (TUIK). Information about the inflation rate announced by TURKSTAT in the first week of each month is expected for August.

CPI increased by 2.37 percent last month. Annual inflation rose to 79.60 percent. Thus, the highest annual consumer inflation after August 1998 was observed.

WHEN WILL THE AUGUST INFLATION RATE BE ANNOUNCED?

Inflation information for August will be announced by the Turkish Statistical Institute (TUIK) on Monday, September 5, 2022 at 10:00.

JULY INFLATION NUMBERS

According to the statement made by TURKSTAT; The Consumer Price Index (CPI) was 2.37 percent compared to the previous month, 45.72 percent compared to December of the previous year, 79.60 percent compared to the same month of the previous year and 49.65 percent compared to the 12-month averages.

The main cluster, which showed the least increase compared to the same month of the previous year, was communication with 25.79 percent. On the other hand, the main cluster with the highest increase compared to the same month of the previous year was transportation with 119.11 percent. With the prestige of the main expenditure clusters, the main cluster that showed the least increase in July 2022 compared to the previous month was transportation with minus 0.85 percent. On the other hand, the main cluster with the highest increase in July compared to the previous month was healthy with 6.98 percent.

In July, out of the 144 main headings covered in the index (Purpose-Based Personal Consumption Classification-COICOP Level 5), the index of 10 main headings decreased, while the index of 6 main headings remained unchanged. There was an increase in the index of 128 basic titles.

PRESIDENT ERDOĞAN SIGNED FEBRUARY-MARCH 2023

President Recep Tayyip Erdoğan, in his statement on inflation, stated that in 2023, starting from February and March, the inflation problem will be significantly left behind.

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