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FOOD INFLATION IS 16 PERCENT AS FRUIT AND VEG PRICES RAISE MORE…

Food inflation was 16 percent while fruit and vegetable prices increased by 20 percent in October…

According to October inflation data announced by TURKSTAT, the annual food inflation was 16.51 percent. While there was a raise of 7.54 percent on a monthly basis in fresh fruit and vegetables, this rate exceeded 20 percent on an annual basis. Bread and cereals also increased 17 percent.

Food inflation rose by 16.51 percent annually, according to October inflation data. There was a 3.03 percent monthly increase in the food and non-alcoholic beverages group.

In October, unprocessed food products increased by 3.97 percent on a monthly basis, while an uptick of 18.78 percent was realized on an annual basis.

20 percent price hike on fresh fruit and vegetables…

Looking at the sub-items of unprocessed food, fresh fruits and vegetables had a rise of 7.54 percent on a monthly basis, while an annual increase of 20.76 percent was recorded.

Other unprocessed food products rose by 2.14 percent on a monthly basis, while an increase of 17.78 percent was realized on an annual basis.

Bread and cereal products soared by 17 percent…

Processed food, on the other hand, increased by 2.18 percent on a monthly basis. On an annual basis, the increase was 14.49 percent.

Looking at the sub-items of processed foods, a rise of 2.66 percent was observed in the bread and cereals group on a monthly basis, while it was 17.02 percent annually.

Other processed food products, on the other hand, soared by 1.91 percent on a monthly basis and expanded by 13.11 percent on an annual basis.

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About İsmail Uğural

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