September Inflation Figures Announced: TURKSTAT and ENAG Data
In September, TURKSTAT announced annual inflation as 29.73%, while ENAG data calculated this rate at 46.61%.
The Turkish Statistical Institute and the Inflation Research Group shared the September inflation data; according to official figures, annual inflation dropped below 30 percent after 57 months.
TURKSTAT and ENAG Data
The Turkish Statistical Institute announced September monthly inflation as 1.84 percent and annual inflation as 29.73 percent. ENAG, consisting of academics, calculated the monthly inflation for the same period as 2.10 percent and annual inflation as 46.61 percent.
Statements by the Ministry of Treasury and Finance
Minister of Treasury and Finance Mehmet Şimşek stated that, in light of official data, annual inflation fell below 30 percent after 57 months. Şimşek expressed that the disinflation process has spread across the board, excluding transportation.
Price Changes in Expenditure Groups
In September, the highest price increase was recorded in the education group with 14.19 percent. Education was followed by clothing and footwear with 3.98 percent, and insurance and financial services with 3.40 percent, while food and non-alcoholic beverages were the only main group that declined.
Evaluations by Economists and Experts
Experts and economists interpreted the announced data from different perspectives. While some analysts drew attention to the high cost of living in metropolitan cities and working poverty, others made comparisons with past period data.