Inflation increased by 3.16% on a monthly basis in March 2024 and reached 68.50% annually.
Turkish Statistical Institute (TUIK) announced the Consumer Price Index for March 2024.
According to this, the change in CPI was 3.16% in March compared to the previous month, 15.06% compared to December of the previous year, 68.50% compared to the same month of the previous year and 57.50% according to twelve-month averages.
The main group that showed the least increase compared to the same month of the previous year was clothing and shoes with 50.10%. On the other hand, the main group with the highest increase compared to the same month of the previous year was education with 104.07%.
In terms of main spending groups, the main group that decreased in March compared to the previous month was alcoholic beverages and tobacco with -0.02%. On the other hand, the main group with the highest increase in March 2024 compared to the previous month was education with 13.08%.
Among the 143 basic headings covered in the index, as of March 2024, there was a decrease in the index of 14 basic headings, while there was no change in the index of 8 basic headings. There was an increase in the index of 121 basic headings.
Change in CPI excluding unprocessed food products, energy, alcoholic beverages, tobacco and gold, was 3.14% compared to the previous month, 14.86% compared to December of the previous year, 71.89% compared to the same month of the previous year and 62.61% according to the twelve-month averages in March.
Source: Trthaber / Prepared by Irem Yildiz