A change in general index was realized in CPI (2003=100) on the previous month by 9.09 percent, on December of the previous year by 43.06 percent, on same month of the previous year by 58.94 percent and on the twelve months moving averages basis by 56.28 percent in August 2023.

Lowest increase in housing highest increase in hotels

Housing with 24.97 percent was the main group that indicated the lowest annual increase. On the other hand, hotels, cafes and restaurants with 89.31 percent was the main group where the highest annual increase realized.
In August 2023, education with 3.11 percent was the main group that indicated the lowest monthly increase. On the other hand, transportation with 16.61 percent was the main group where the highest monthly increase realized.

In August 2023, within indices of 143 basic headings (Classification of Individual Consumption by Purpose-COICOP 5 Digit Level) in the index, the index of 1 basic heading decreased and the index of 4 basic headings remained unchanged while the index of 138 basic headings increased.

The indicator for CPI having specified coverage (B) increased by 63.52 percent annually and 9.32 percent 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 9.32 percent, on December of the previous year by 47.21 percent, on same month of the previous year by 63.52 percent and on the twelve months moving averages basis by 57.77 percent in August 2023.

Twelve months inflation in hotels is 75,46 percent

Prices in the hotels and restaurants increased by 7,09 percent compared the previous month,  89.31 percent compared to the same month of the previous year and 75.46 percent based on the twelve-month average.

According to ENAG, the non-governmental organization that reveals alternative inflation index each month, the monthly inflation rate in August was 8.59 percent, while the annual rate was 128.05 percent.

Editor: Savaş Daş