Inflation in May rose by 18.71% compared with May last year

The Turkish Statistical Institute (TurkStat) announced the consumer and producer inflation figures for May 2019.

The Consumer Price Index (TÜFE), or consumer inflation, has increased by 0.95 percent in comparison with April 2019 and by 18.71 percent in comparison with May 2018. 

Comparing the inflation figures for last month with 12-month averages and the figures in December 2018, it emerges that consumer inflation has increased by 19.91 percent and 4.99 percent respectively.

The Domestic Producer Price Index (Yİ-ÜFE), or producer inflation, has increased by 2.67 percent in May 2019 when compared to the previous month and increased by 28,71 percent in comparison with the same period last year. 

The highest price increase in May has been recorded in alcoholic beverages and tobacco with 8.88 percent. Clothing and shoes price increased by 4.09 percent, transportation by 2.18 percent and entertainment and culture by 1.86 percent.

The highest fall in prices has been recorded in household goods with 1.58 percent. Food and non-alcoholic beverages prices fell by 1.18 percent.

Considered on an annual basis, the prices of food and non-alcoholic beverages have increased by 28.44 percent over the last year.

The average prices of 48 products in the consumer index have not changed in May 2019, while the average prices of 267 products have increased. There has been a decrease in the average prices of 103 products.