In CPI (2003 = 100) in November 2020, 2.30 percent compared to the previous month, 13.19 percent compared to December of the previous year, 14.03 percent compared to the same month of the previous year and 12 percent of the twelve-month averages The increase occurred, 04.
MOST Increase of the year in the group of alcoholic beverages and tobacco
The other main groups where growth was low compared to the same month last year were clothing and footwear with 0.99 percent, communication with 5.19 percent and education with 7.00 percent, respectively. On the other hand, the main groups with higher growth compared to the same month of the previous year were various goods and services with 29.42 percent, food and non-alcoholic beverages with 21.08 percent and transport with 18.67 percent, respectively.
SINGLE SINGLE GROUP INVITES MONTHLY DECREASES TRAINING BY 0.19 percent
In terms of major spending groups, the only major decline in November 2020 was education by 0.19 percent. Although there was no monthly change in the main group of alcoholic beverages and tobacco, the groups that showed the smallest increase were communication with 0.12 percent and health with 0.80 percent. On the other hand, the high-growth groups in November 2020 according to the main expenditure groups were transportation with 4.51 percent, food and soft drinks with 4.16 percent and household goods with 1.69 percent, respectively.
SPECIAL INDICATOR OF CPI FOR COVERAGE (B) ANNUAL Increase 13.72%, MONTH 2.14%
In 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 of the previous year, 13.72% compared to with the same month of the previous year and an increase of 11.50% compared to the average of twelve months.
EXPLAINED BY ELVAN
The Minister of Finance and Minister of Finance Lutfu Elvan made statements regarding the inflation rate of 14.03 percent, which is above expectations.
Elvan said: “We will use our monetary and fiscal policy tools in coordination to better manage inflation expectations and establish price stability.”
“November inflation was realized above the market expectations of 14.03% annually, reflecting the effects of food, oil prices and exchange rate effects.
“We are working hard to minimize the effects of high inflation on our citizens.”