Inflation in Turkey exceeded 75%
TurkStat Consumer Price Index (CPI) for the May 2024 period was published on June 3, 2024.
According to TÜİK data, the change in CPI (2003:100) was 3.37 percent in May 2024 compared to the previous month and 75.45 percent compared to the same month of the previous year. The average price increase rate in the first five months of 2024 was 22.72 percent.
The highest price increase in the May 2024 period was education with 104.8 percent annually. The expenditure group with the second highest price increase was housing, with an annual increase of 93.21 percent, while the third expenditure group was restaurants and hotels with 92.94 percent. However, since TÜİK has not announced the item price list since June 2022, the average prices on the basis of products and services are full. is not known.
TÜİK refused to implement the judicial decision despite the lawsuit filed and won by DİSK. For this reason, the item price list, which is the source of calculating the inflation rate, cannot be seen.
