Inflation Data Announced in Turkey: Decrease Recorded in December
The Turkish Statistical Institute (TurkStat) shared the Consumer Price Index (CPI) data for the last month of 2018 with the public. According to the announcement, a general decrease in prices was observed in December. This situation is being closely followed by the economic world and citizens.
According to official data, the consumer price index decreased by 0.40% in December 2018 compared to the previous month. This decline indicates a relief in the markets during the last month of the year. The index results, prepared based on the year 2003, clearly reveal this change in prices.
This decline in inflation stems from price changes in various sectors. In particular, price movements in basic necessities and the service sector played a significant role in the decrease of the general index. TurkStat provides information on the purchasing power of the public by regularly collecting this data every month.
Consequently, the final data of 2018 has been an important indicator for the Turkish economy. The 0.40% decrease in December helps us understand how the year concluded. How prices will trend in the coming months remains a matter of curiosity for both economic experts and consumers.