The Information Source of Turkey
RELEASE DATE: 03 December 2020
Data Dissemination Group
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No: 33872 03 December 2020 Hrs: 10:00
Consumer Price Index, November 2020
Consumer price index (CPI) increased by 14.03% annually and 2.30% monthly
A rise in general index was realized in CPI (2003=100) on the previous month by 2.30%, on December of the previous year by 13.19%, on same month of the previous year by 14.03% and on the twelve months moving averages basis by 12.04% in November 2020.
Annual rate of changes in CPI (%), November 2020
The lowest annual increase was 0.67% in alcoholic beverages and tobacco
Clothing and footwear with 0.99%, communication with 5.19% and education with 7.00% were the other main groups where low annual increases realized. On the other hand, miscellaneous goods and services with 29.42%, food and non-alcoholic beverages with 21.08% and transportation with 18.67% were the main groups where high annual increases realized.
CPI annual rate of changes in main groups (%), November 2020
The only monthly decrease was 0.19% in education
In November 2020, the only main group that indicated a decrease was education with 0.19%. There was not any monthly change in alcoholic beverages and tobacco. Communication with 0.12% and health with 0.80% were the groups that indicated lowest monthly increase amongst the main groups. On the other hand, transportation with 4.51%, food and non-alcoholic beverages with 4.16% and furnishings and household equipment with 1.69% were the main groups where high monthly increases realized.
CPI monthly rate of changes in main groups (%), November 2020
In November 2020 within average prices of 418 items in the index, the average prices of 54 items decreased and the average prices of 42 items remained unchanged while the average prices of 322 items increased.
The indicator for CPI having specified coverage (B) increased by 13.72% annually and 2.14% 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 2.14%, on December of the previous year by 13.26%, on same month of the previous year by 13.72% and on the twelve months moving averages basis by 11.50% in November 2020.
The next release on this subject will be on January 04, 2021.
|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 Indexes (CPI) by Expenditure Groups|
|2003 Based Consumer Price Index - Basket and Average Prices|
|Consumer Price Index (2003=100)|
|Influence of Main Expenditure Groups on Overall Index|
|Indicators For The CPIs Having Specified Coverages|
|Indicators for the CPIs Having Specified Coverages (2003=100)|
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.