In October, seasonal effects resulted in a decrease in monthly inflation.

TURKSTAT Announced October Inflation Report

The Turkish Statistical Institute (TURKSTAT) detailed the seasonally adjusted Consumer Price Index (CPI) data for October. According to the data, the monthly inflation rate decreased to 2.07% in October. This figure draws attention as it shows a decline from the 2.71% inflation rate recorded in September.

Service Group Dominated Monthly Inflation

In the inflation data for October, the seasonally adjusted indicators showed that the service group stood out with a 2.88% increase, while the inflation for the goods group was determined to be 1.67% in October.

Which Items Stand Out in Subcategories?

When examining the subcategories, the highest monthly inflation rate in October was observed in gold products at 5.47%. This was followed by some unprocessed food items at 4.47% and transportation services at 4.05%. These data provide an important indication for understanding the inflation dynamics in October.