Reports

AUG 2022 Price Developments of Turkiye...

Consumer prices rose by 1.46% in August, and annual inflation increased by 0.61 points to 80.21%. In this period, annual consumer inflation decreased in energy and food whereas it went up in other groups. The most significant contribution to the rise in inflation came from core goods and services. In the core goods group, annual inflation increased across all subgroups. Meanwhile, in the services group, annual inflation dropped in transport while it rose in other subgroups, most visibly in other services and rents. In the food group, annual inflation declined in unprocessed food led by the prices of fresh fruits and vegetables whereas it remained on the rise in processed food. Energy inflation registered a decline on the back of fuel prices that decreased in line with the outlook of international oil prices. While monthly inflation in producer prices decelerated compared to previous months parallel to the outlook of international commodity prices, annual producer inflation decreased somewhat. Against this background, the seasonally adjusted monthly change in B and C indices remained elevated while their annual inflation continued to increase.