The Information Source of Turkey
RELEASE DATE: 03.09.2021
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Consumer Price Index, August 2021
Consumer price index (CPI) increased by 19.25% annually and 1.12% monthly
A rise in general index was realized in CPI (2003=100) on the previous month by 1.12%, on December of the previous year by 11.65%, on same month of the previous year by 19.25% and on the twelve months moving averages basis by 15.78% in August 2021.
Annual rate of changes in CPI (%), August 2021
Compared to general CPI, lower annual change observed in 7 main groups while 5 main groups were higher
The lowest annual increase was 1.79% in alcoholic beverages and tobacco. Communication with 4.79%, clothing and footwear with 7.47% and education with 10.75%, were the other main groups where lowest annual increases realized. On the other hand, food and non-alcoholic beverages with 29.00%, furnishings and household equipment with 22.91% and transportation with 21.76% were the main groups where high annual increases realized.
CPI annual rate of changes in main groups (%), August 2021
Compared to general CPI, lower monthly change observed in 7 main groups while 5 main groups were higher
The main groups that decrease observed were clothing and footwear with 3.08% and transportation with 0.77%. Alcoholic beverages and tobacco with 0.18%, health with 0.31% and education with 0.58% were the main groups that indicated lowest monthly increase. On the other hand, food and non-alcoholic beverages with 3.18%, hotels, cafes and restaurants with 2.27%, and furnishings and household equipment with 1.38% were the main groups where high monthly increases realized.
CPI monthly rate of changes in main groups (%), August 2021
In August 2021, within average prices of 415 items in the index, the average prices of 59 items decreased and the average prices of 49 items remained unchanged while the average prices of 307 items increased.
The indicator for CPI having specified coverage (B) increased by 18.46% annually and 0.74% monthly
A rise in CPI excluding unprocessed food, energy, alcoholic beverages, tobacco and gold was realized in CPI (2003=100) on the previous month by 0.74%, on December of the previous year by 10.98%, on same month of the previous year by 18.46% and on the twelve months moving averages basis by 16.14% in August 2021.
The next release on this subject will be on October 04, 2021.
|Indicators For The CPIs Having Specified Coverages|
|Indicators for the CPIs Having Specified Coverages (2003=100)|
|Consumer Price Indices (2003=100)|
|Weights by Main Expenditure Groups and Related Coverage Information|
|Consumer Price Index Basket in Main Groups Detail|
|Weights for Main Groups and Ttems of 2003=100 Based Consumer Price Index (Turkey)|
|2003 Based Consumer Price Index - Basket and Average Prices|
|2003 Based Consumer Price Indexes (CPI) by Expenditure Groups|
|Consumer Price Index (2003=100)|
|Influence of Main Expenditure Groups on Overall Index|
There is no report for the press release.
Item baskets and the weights are updated at the end of every year and chained with the Laspeyres formulation. Every year in December new goods and services are added in the basket, goods and services which lost their importance are taken out and renewed weights are used in the calculation of index. Index is calculated by dividing current prices to the prices of previous December, which is “new price reference period (po)”, and then chained by multiplying it with the index numbers of December.
I = w . Pi /
I : index
Pi : current price
w : weight
It = wı . Pit / PDecember(t-1) . IDecember(t-1)
wı : new weight
t : time
Geometric average is used for the computations of commodity prices from commodity
Sources: Data sources of CPI basket and weights are household budget survey, institutional population individual consumption survey, foreign visitors survey, administrative data (cigarettes, insurances, games of chance etc.) and scanner data of chain markets.
Seasonal adjustment: Data are not seasonally adjusted.