Millions were watching this announcement: TurkStat announced inflation at 47.09 percent

According to the Turkish Statistical Institute (TurkStat), inflation in November increased by 2.24 percent monthly and fell to 47.09 percent annually. The December rent increase rate has become clear with the release of the November 2024 inflation data. For those whose contract periods expire this month, landlords of homes and workplaces will be able to increase rents by 60.45 percent.

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Millions were watching this announcement: TurkStat announced inflation at 47.09 percent

Accordingly, the change in the CPI in November 2024 was 2.24 percent compared to the previous month, 42.91 percent compared to December of the previous year, 47.09 percent compared to the same month of the previous year, and 60.45 percent based on twelve-month averages.

TurkStat had announced inflation in October as 48.58 percent annually and 2.88 percent monthly.

According to ENAG data, inflation in November increased by 4.06 percent on a monthly basis, while annual inflation was 86.76 percent.

The Istanbul Chamber of Commerce (ITO) had announced Istanbul's November inflation as 3.07 percent monthly and 57.99 percent annually.

RENT INCREASE RATES HAVE BEEN DETERMINED

The December rent increase rate has become clear with the release of the November 2024 inflation data. With the Turkish Statistical Institute (TurkStat) announcing the November inflation figures, the 12-month CPI figures that affect rent increases were also released. According to TurkStat data, inflation was 2.24 percent on a monthly basis in November, while it fell to 47.09 percent on an annual basis. It was realized as 60.45 percent based on 12-month averages.