Turkiye’s consumer price index (CPI) for August 2023 surged by 9.09 per cent compared to the previous month, marking a 43.06 per cent rise since December of the previous year, according to the Turkish Statistical Institute (Turkstat). Year-on-year, the CPI rose by 58.94 per cent, and the twelve-month moving average increased by 56.28 per cent.Within the various sectors, clothing and footwear experienced one of the lowest annual increases, at 31.10 per cent.
Turkiye's CPI for August 2023 rose sharply, increasing 9.09 per cent month-on-month and 58.94 per cent year-on-year.
Transportation costs recorded the highest monthly increase at 16.61 per cent, while clothing and footwear saw a relatively lower annual rise of 31.10 per cent.
Another CPI indicator, coverage, increased 63.52 per cent annually.
Transportation costs soared, recording the highest monthly increase at 16.61 per cent, as per Turkstat.
Additionally, a specific indicator for CPI coverage, known as coverage, increased annually by 63.52 per cent and monthly by 9.32 per cent.
Fibre2Fashion News Desk (DP)
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