May Inflation Rises 2.71% with Education Costs Leading Increases
Inflation in May rose by 2.71%, pushing the annual rate to 39.88%, according to the TRNC Statistics Institute. Education expenses saw the highest increase at 6.42%, while lemon prices surged 138.54%, marking the largest price jump.
The institute reported a 16.15% inflation rate compared to December 2024 and 39.88% compared to May last year.
Other major expenditure groups with notable increases included clothing and footwear (4.87%), entertainment and culture (4.78%), alcoholic beverages and tobacco (3.23%), and transportation (2.52%).
Of 472 consumer items tracked, 398 showed price increases while 74 decreased. The steepest price rises were seen in lemons, cauliflower (66.80%), and tomatoes (65.15%). The biggest price drops were in stuffed peppers (58.35%), charleston peppers (54.27%), and zucchini (50.33%).
In May 2023, monthly inflation was 3.50%, with an annual rate of 95.37%.
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Suç teşkil edecek, yasadışı, tehditkar, rahatsız edici, hakaret ve küfür içeren, aşağılayıcı, küçük düşürücü, kaba, müstehcen, ahlaka aykırı, kişilik haklarına zarar verici ya da benzeri niteliklerde içeriklerden doğan her türlü mali, hukuki, cezai, idari sorumluluk içeriği gönderen Üye/Üyeler’e aittir.