03.Dec .2021 21:30

Turkey’s Inflation Climbs to Above 21% in November

Turkey’s Inflation Climbs to Above 21% in November
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Turkey’s annual inflation increased to the highest level in three years in November, official data showed Friday, as prices continued to climb, clouding consumer outlook.
 
Inflation accelerated to 21.31% last month, up from 19.89% in October, the Turkish Statistical Institute (TurkStat) said.
 
Month-on-month, consumer prices rose 3.51%, the institute said.

Food, restaurants and hotels pushed up the annual number, reflecting a surge in demand, while the monthly price rise was driven by transportation costs, reflecting a jump in global energy prices.
 
The producer price index rose 9.99% from the previous month for an annual rise of 54.62%.