Food and market hikes are imposed on opportunists, but isn't that opportunism?
On the day when the inflation rate was announced as 11.77 percent by TURKSTAT, it was revealed that the seed prices was increased by 2 times the inflation rate, that is, 20 percent. While some imaginary enemies, opportunists, wholesalers were shown as responsible for food inflation, the increase made by TİGEM, which is affiliated with the Ministry of Agriculture and Forestry, to seed, which is one of the biggest expense items of the farmer, was astonished.
TURKSTAT'S INFLATION 11.77%!
According to the data released yesterday by TÜİK, inflation increased by 0.86 percent in August, while annual inflation was realized as 11.77 percent. Although the "fire in the kitchen" continued, food inflation decreased by 0.08 percent in August, while the annual increase in food prices was 13.51 percent.
According to the Turkey Statistical Institute data, the Consumer Price Index (CPI) 0.86 percent on a monthly basis in August, Domestic Producer Price Index (Yi-PPI) increased by 2.35 percent. Annual inflation was 11.77 percent in consumer prices and 11.53 percent in domestic producer prices.
Considering the 12-month averages as of August, consumer prices increased by 11.27 percent and domestic producer prices by 6.71 percent. While the CPI increased by 7.29 percent in August compared to December last year, D-PPI increased 10.52 percent compared to December 2019.
ANNUAL FOOD INFLATION 13.51 PERCENT
In the main spending groups, the highest monthly increase was in various goods and services with 5.09 percent, followed by transportation with 1.56 percent and restaurants and hotels with the same rate. As of the main spending groups, the highest decrease in August was in the clothing and footwear group with 2.11 percent. There was also a 0.08 percent decrease in food and non-alcoholic beverages.
The highest annual increase in CPI was seen in the various goods and services group with 26.99 percent. This was followed by health with 14.68 percent, food and non-alcoholic beverages with 13.51 percent. In this period, there was an increase of 12.69 percent in transportation and 11.80 percent in restaurants and hotels.
While the average price of 92 of the 418 items covered in the index decreased last month, the average price of 53 did not change, and the average price of 273 items increased.
THE MOST HIKES IN CUCUMBER PRICES!
* On the basis of consumer prices, the highest price increase was in cucumbers with 25.17 percent in August, while the cucumber was followed by lemon with 21.86 percent and domestic tours with a period of one week or more with 18.64 percent. Other products with the highest increase in price were eggplant with 14.83 percent, jewelry (gold) with 14.65 percent, and pumpkin with 11.81 percent. Last month, the highest price decrease was in plum with 19.63 percent. Potatoes with 17.38 percent, pears with 16.07 percent, tomatoes with 14.11 percent, bell peppers with 9.06 percent, grapes with 8.46 percent, melon with 7.49 percent, watermelon with 7.25 percent. watched.
Dollar exceeded 7.43 TL
* Despite losing value on a global scale, the dollar continues to break a record against the TL. The dollar, which started the week at 7.34 TL levels, continued its rise throughout the week yesterday, while it renewed the record by exceeding 7.43 TL.
Although the dollar lost value on a global scale, it continues to break a record against the TL. The dollar, which started the week at 7.34 TL levels, continued its rise throughout the week yesterday, while it renewed the record by exceeding 7.44 TL. The geopolitical developments and the concerns about the Central Bank reserves together with the escalating tension in the Eastern Mediterranean were effective in the depreciation of the TL.