November 3, 2022

Consumer Price Index in Türkiye, October 2022

Consumer price index (CPI) realized as 85.51% annually and 3.54% monthly

A change in general index was realized in CPI (2003=100) on the previous month by 3.54%, on December of the previous year by 57.80%, on same month of the previous year by 85.51% and on the twelve months moving averages basis by 65.26% in October 2022.

Rate of changes in CPI (%), October 2022

October 2022 October 2021 October 2020
Monthly rate of change 3.54 2.39 2.13
Rate of change on December of the previous year 57.80 15.75 10.64
Annual rate of change 85.51 19.89 11.89
Rate of change in 12 months moving averages 65.26 17.09 11.74

Communication with 33.48% was the main group that indicated the lowest annual increase. On the other hand, transportation with 117.15% was the main group where the highest annual increase realized.

In October 2022, education with 0.36% was the main group that indicated the lowest monthly increase. On the other hand, clothing and footwear with 8.34% was the main group where the highest monthly increase realized (indices, weights and rate of changes (%) by main expenditure groups are given in the Table-1).

In October 2022, within indices of 144 basic headings (Classification of Individual Consumption by Purpose-COICOP 5 Digit Level) in the index, the index of 13 basic headings decreased and the index of 4 basic headings remained unchanged while the index of 127 basic headings increased.

The indicator for CPI having specified coverage (B) realized as 77.01% annually and 3.24% monthly

A change in CPI excluding unprocessed food, energy, alcoholic beverages, tobacco and gold was realized in CPI (2003=100) on the previous month by 3.24%, on December of the previous year by 50.57%, on same month of the previous year by 77.01% and on the twelve months moving averages basis by 56.71% in October 2022.

Indicators for the CPIs having specified coverages (%), October 2022

Rate of changes (%)
Group Coverage Monthly On
December of
the previous year
Annual In 12 months
moving averages
Index
A CPI excluding seasonal products 2.84 59.29 89.01 67.84 1 152.39
B CPI excluding unprocessed food, energy, alcoholic beverages, tobacco and gold 3.24 50.57 77.01 56.71 907.94
C CPI excluding energy, food and non-alcoholic beverages, alcholic beverages, tobacco and gold 3.22 46.41 70.45 51.73 822.48
D CPI excluding unprocessed food, alcoholic beverages and tobacco 3.04 57.13 84.96 64.10 1 001.04
E CPI excluding alcoholic beverages and tobacco 3.56 57.71 85.88 65.62 1 057.16
F CPI excluding administered and directed prices 3.81 53.76 84.31 66.14 1 070.08

The next release on this subject will be on December 05, 2022.


Source: Turkish Statistical Institute (TurkStat)
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.