Central Bank Inflation Assessment

The Central Bank (CBRT) published its inflation assessment for November.

Consumer prices increased 2.88 percent in November, while annual inflation fell 1.12 points to 84.39 percent.

In the evaluation carried out by the CBRT, it was stated that “Although the energy and basic goods groups dragged the fall in annual inflation to the consumer in this period, the monthly evolution of the prices of the food group came to the fore.”

‘DAIRY AND DAIRY PRODUCTS SERVED, INCREASES CONTINUE’

In the text of the CBRT, in which it is stated that annual energy inflation decreased with the base effect and the monthly increase of this group was relatively moderate, it was indicated that “Although the price of fresh fruits and vegetables, as well As for milk and derivatives, the rise in annual food inflation continued, maintaining itself throughout the group”.

‘MONTHLY INCREASE IN THE RATE OF DECREASED RENTS’

The statement continued:

“The seasonally adjusted monthly rate of rent increases has slowed.

In addition to electricity and natural gas production, the monthly rate of increase in producer prices slowed down significantly due to the fall in refined petroleum products and basic metallurgical industry prices and, consequently, annual inflation at producer decreased.

Under this perspective, the seasonally adjusted data and the monthly variations of indicators B and C continued to slow down and annual inflation fell.