Türkiye sees 3.39% increase in food prices, November 2024

The Türkiye Economic Policy Research Foundation (TEPAV) announced that food prices rose by 3.39% in November 2024, according to the Food Price Index (TEGE). This monthly increase contributed to an annual food inflation rate of 45.66% as of November.

Key price changes in fresh produce and other categories

In the fresh fruit and vegetable category, notable price fluctuations included:

• Largest price decreases: Lemon, pear, and potato.
• Largest price increases: Red cabbage, cabbage, and eggplant.

For non-produce items:

• Largest price increases: Cocoa powder beverages, eggs, and raisins.
• Largest price decreases: Turkish delight, kashar cheese, and peanuts.

Comparative data from other organizations

TEPAV’s findings align closely with other reports:

• Turk-Is Kitchen Inflation: 0.64% monthly increase; 46.01% annual food inflation.
• Istanbul Chamber of Commerce (ITO) Cost of Living Index: 3.28% monthly increase; 52.61% annual food inflation.

Data from other organizations, including TurkStat, CEFIS, and ENAG, for the same period is yet to be released.

Cumulative inflation since January 2024

Cumulative food inflation for the year-to-date stands at:

• TEGE: 36.61%
• Turk-Is: 41.9%
• ITO: 45.49%