The announcement of inflation figures in Turkey for March 2021

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The Consumer Price Index rose by 1.08 percent and the domestic producer price index by 4.13 percent in March.

The annual inflation rate was 16.19% in consumer prices and 31.20% in domestic producer prices.

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According to Turkish Statistical Institute data, looking at 12-month averages as of March, consumer prices increased by 13.18 percent, and domestic producer prices increased by 17.04 percent.

On a monthly basis, the Consumer Price Index (CPI) increased by 1.08 percent, and the Domestic Producer Price Index (D-PPI) increased by 4.13 percent.

The consumer price index increased by 3.71 percent in March compared to December of last year and 16.19 percent compared to the same month of the previous year.

The D-PPI increased by 8.21% compared to December 2020 and 31.20% compared to March of last year.

The D-PPI increased by 4.13 percent compared to the previous month in March, 8.21 percent compared to December last year, 31.20 percent compared to the same month of the previous year and 17.04 percent from the 12-month averages.

As for the other major groups, whose increase was low compared to the same month of the previous year, clothes and shoes were 7.43%, telecommunications increased by 8.01%, and education increased by 8.33%, respectively.

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On the other hand, the main groups with the highest increases compared to the same month of the previous year were transportation by 24.85 percent, household goods by 23.64 percent, and miscellaneous goods and services by 21.49 percent, respectively.

For the main spending groups, there was no change in the transport group in March 2021.

The other major groups that showed the least increase were household goods at 0.54 percent and housing at 0.70 percent.

On the other hand, the groups with the highest increases in March 2021 were health at 3.70%, education at 2.77%, and restaurants and hotels at 2.60%, respectively.

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