ENAG announces November inflation at 4.06 percent
November inflation data has been released by the Inflation Research Group (ENAG). ENAG announced that inflation rose by 4.06 percent in November and that the annual inflation rate climbed to 86.76 percent. Data from the Istanbul Chamber of Commerce showed that inflation in Istanbul was 3.07 percent monthly and 57.99 percent annually.
12punto
The Inflation Research Group (ENAG), formed independently by academics and economists, has announced the results of its latest November inflation research. The ENAG Consumer Price Index (E-CPI) increased by 4.06 percent in November. The 12-month increase in the E-CPI was recorded at 86.76 percent.
According to ENAG, inflation had increased by 5.57 percent in October, with the annual inflation rate recorded at 89.77 percent.
WHAT DID THE LEADING DATA INDICATE?
According to data from the Istanbul Chamber of Commerce (ITO), inflation in Istanbul showed a monthly increase of 3.07 percent in November. Annual inflation was announced at 57.99 percent. According to the ITO, the highest price increases occurred in clothing and rent items.
ECONOMISTS' INFLATION EXPECTATIONS
The average November inflation expectation of economists participating in the AA Finance survey was 1.98 percent. Economists' inflation expectations for November ranged between 1.70 percent and 2.54 percent. Based on the average of economists' November inflation expectations (1.98 percent), it was projected that the annual inflation rate, which was 48.58 percent the previous month, would fall to 46.71 percent.