Friday, Jan 22
Annual inflation rate at 14.6% in Turkey: TurkStat

Annual inflation rate at 14.6% in Turkey: TurkStat

Consumer price index up by 1.25% on monthly basis in December.
04.01.2021 - 10:42

Turkey saw a 14.60% annual hike in consumer prices in December 2020, the country’s statistical authority said on Monday.

The annual inflation rate rose 0.57 percentage point in the month, up from 14.03% in November, according to the Turkish Statistical Institute (TurkStat).

The consumer price index also saw a 1.25% monthly increase, it added. Annual inflation in December 2019 was 11.84%.

The highest annual price increase was recorded in miscellaneous goods and services, transportation, and food and non-alcoholic beverages with 28.12%, 21.12% and 20.61%, respectively.^

Last week, a group of 19 economists projected the annual inflation in December to have increased to 14.34%.

The government's year-end inflation target for 2020 was 10.5% as laid out in the new economic program announced in September 2020.