In the CPI (2003 = 100) in November 2020, 2.30 per cent compared with the previous month, 13.19 per cent compared with December last year, 14.03 per cent compared with the same month last year and 12 per cent on the twelve-month average The increase took place 04.
THE LOWEST INCREASE OF THE YEAR IN ALCOHOLIC BEVERAGES AND TOBACCO GROUP
The other main groups with a low increase compared with the same month last year were clothing and footwear with 0.99 per cent, communication with 5.19 per cent and education with 7.00 per cent. On the other hand, the main groups with a higher increase compared with the same month last year were various goods and services with 29.42 per cent, food and non-alcoholic beverages with 21.08 per cent and transport with 18.67 per cent.
THE ONLY GROUP WHICH SHOWS A MONTHLY REDUCTION HAS TRAINED BY 0.19 PERCENT
In terms of main expenditure groups, the only main group that decreased education by 0.19 per cent in November 2020. Although there was no monthly change in the main group of alcoholic beverages and tobacco, the groups that showed the least increased communication by 0.12 percent and health by 0.80 percent. On the other hand, the groups with high increases in November 2020, after main expenditure groups, were transport with 4.51 per cent, food and non-alcoholic beverages with 4.16 per cent and household items with 1.69 per cent.
SPECIAL COVERAGE CPI INDICATOR (B) ANNUAL APPLICATION 13.72%, MONTHLY 2.14%
In the CPI excluding unprocessed food, energy, alcoholic beverages, tobacco and gold, in November 2020, 2.14% compared to the previous month, 13.26% compared to December last year, 13.72% compared to the same month last year and a increase of 11.50% compared to the average for twelve months.
EXPLANATION FROM THE ELVAN
Minister of Finance and Finance Lütfü Elvan made statements regarding inflation of 14.03 percent, which was above expectations.
Elvan said, “We will use our monetary policy and fiscal policy tools in coordination to manage inflation expectations well and to create price stability,” says Elvan:
“Inflation in November was realized above market expectations of 14.03% annually, reflecting the effects of food, oil prices and exchange rate effects.
We work with all our might to minimize the effects of high inflation on our citizens. “