Turkiye's annual CPI for clothing & footwear at 22.65% in Jul 2023

04 Aug '23

2 min read

Pic: Shutterstock/Radu Bercan

Insights

Turkiye's CPI stood at 47.83 per cent YoY and 9.49 per cent MoM in July 2023.
The annual rate of change for clothing and footwear was 22.65 per cent, while the monthly rate was 3.19 per cent.
The general index change in CPI was noted as 31.14 per cent on December of the previous year and 57.45 per cent on the 12 months moving averages basis in July 2023.

Turkiye marked its consumer price index (CPI) at 47.83 per cent year-on-year (YoY) and 9.49 per cent month-on-month (MoM) in July 2023. The CPI annual rate of changes in main groups in July 2023 for clothing and footwear was 22.65 per cent, while the monthly rate was 3.19 per cent.

A change in general index was realised in CPI (2003=100) on December of the previous year by 31.14 per cent, on same month of the previous year by 47.83 per cent, and on the 12 months moving averages basis by 57.45 per cent in July 2023, the Turkish Statistical Institute (TurkStat) said in a press release.

In July 2023, within indices of 143 basic headings in the index, the index of four basic headings decreased and the index of four basic headings remained unchanged while the index of 135 basic headings increased.

A change in CPI excluding unprocessed food, energy, alcoholic beverages, tobacco, and gold was realised in CPI (2003=100) on the previous month by 8.92 per cent, on December of the previous year by 34.66 per cent, on same month of the previous year by 54.32 per cent, and on the 12 months moving averages basis by 58.08 per cent in July 2023.

Fibre2Fashion News Desk (NB)

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