November Inflation: Fell Below Expectations

November Inflation Report Announced

The Turkish Statistical Institute (TÜİK) announced the inflation data for November. According to the data, inflation showed a monthly increase of 0.87% in November, while annual inflation decreased to 31.07%. This result performed below the expectations in the markets.

Expectations and Actual Figures

Experts had anticipated a monthly inflation increase of 1.31% and a decline in annual inflation to 31.65% in November. However, the announced figures revealed a contrary development, showing a drop in inflation.

Changes in Expenditure Groups

According to TÜİK data, inflation reached 29.74% compared to the previous December and 35.91% according to twelve-month averages. When examining annual change rates, food and non-alcoholic beverages increased by 27.44%, transportation by 29.23%, and housing by 49.92%. The impacts of these three main expenditure groups on annual change were recorded as 6.83% for food and non-alcoholic beverages, 4.55% for transportation, and 7.57% for housing.

Analysis of Monthly Changes

Looking at the monthly changes, food and non-alcoholic beverages saw a decrease of 0.69%, while transportation and housing recorded increases of 1.78% and 1.70%, respectively. The contributions of these main groups to monthly changes were -0.17% for food and non-alcoholic beverages, 0.27% for transportation, and 0.29% for housing.

These data carry important signals for investors, and it is expected to have an impact on the markets. Investors should be aware that they need to determine their strategies considering inflation rates.