Consumer prices rose 0.71% m/m in February, in line with market expectations, bringing the annual rate of inflation to 7.55% from 7.24% in January, data of the statistics office TUIK showed on March 3.
Food prices were up 2.59% m/m, adding 0.67 percentage points to the headline inflation, alcoholic beverages & tobacco prices fell 0.44% m/m shaving 0.02 percentage points. The decline in clothing prices was a sharp 6.58% m/m but transport costs rose 1.77% m/m adding another 0.29 percentage points to the February inflation. Communication prices increased 0.94% m/m, housing costs rose 0.46% m/m, data of TUIK also showed.
The core inflation, measured by the I-index, fell 0.14% m/m in February after rising 0.22% m/m in January. The annual increase in the I-index further eased to 7.73% from 8.63% in January.
TUIK also calculated that domestic producer prices rose 1.20% m/m in February, bringing the annual increase to 3.1% from 3.28% in January when domestic producer prices increased 0.33% m/m.
| February CPI by Main Expenditure Groups (%) | |||
| Weights | m/m | y/y | |
| Headline | 100 | 0.71 | 7.55 |
| Food and non-alcoholic beverages | 24.25 | 2.59 | 13.70 |
| Alcoholic beverages and tobacco | 4.82 | -0.44 | 3.91 |
| Clothing and footwear | 7.38 | -6.58 | 7.40 |
| Housing, utilities | 15.79 | 0.46 | 7.50 |
| Furnishings, household equipment | 7.78 | 0.23 | 7.37 |
| Health | 2.57 | 0.82 | 8.29 |
| Transportation | 15.38 | 1.77 | -1.49 |
| Communications | 4.38 | 0.94 | 3.95 |
| Recreation and culture | 3.54 | 0.58 | 6.03 |
| Education | 2.53 | -0.08 | 7.96 |
| Hotels, cafes and restaurants | 6.98 | 1.06 | 12.66 |
| Miscellaneous goods and services | 4.60 | 0.59 | 9.18 |
| Source: tuik | |||
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