Aysu Biçer
03 January 2022•Update: 03 January 2022
ANKARA
Turkiye posted a 36.08% annual hike in consumer prices in 2021, the highest in 19 years, the country’s statistical authority said on Monday.
In November, consumer prices posted an annual increase of 21.31%, according to TurkStat.
On a monthly basis, the inflation increased by 13.58% in December, up from 3.51% of the November figure.
The highest price increase on a yearly basis was seen in transportation with 53.66% last month, the data showed.
It was followed by food and non-alcoholic beverages with 43.80% and furnishings and household equipment with 40.95%.
The lowest annual increase, on the other hand, was 8.76% in communication.
A group of 21 economists projected an average annual rise of 30.05% in consumer prices in December 2021, an Anadolu Agency survey found last week.
The economists had forecast monthly inflation for December to average at 8.54%, the survey revealed.
Meanwhile, releasing the Monetary and Exchange Rate Policy for 2022 on Wednesday, Turkiye's Central Bank maintained the medium-term inflation target of 5%, saying the monetary policy will be designed to gradually reach this target.
