Producing CPI During Covid-19 Period in Türkiye

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This article explores the Consumer Price Index (CPI) trends in Türkiye during the Covid-19 period, shedding light on the impacts and changes in consumer spending behavior. It analyzes how inflation rates and purchasing power have been affected, providing valuable insights for policymakers and economists. The discussion covers the challenges faced by businesses and consumers, as well as the strategies adopted to cope with the economic turbulence brought on by the pandemic.

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Producing CPI During Covid-19 Period in T rkiye September 2022

TRKYE STATSTK KURUMU Price Collection During Covid restrictions: Price collection from field continued as much as possible. Compiling prices via telephone Using outlets websites E-mail enquiries 2

TRKYE STATSTK KURUMU Price Collection Alternative sources of price : -Analysis processes of the transaction data. -Web scraping project Big Data Advanced Analytics Project . 2020 Scanner (sales) data started to be used in the CPI calculations for foods. 2021 -Prices of household appliances, electronic products, clothing, furniture, new cars and bus tickets were integrated into CPI via Web Scraping. -Scanner data sources expanded in clothing, personal care and electronics. 2022 3

TRKYE STATSTK KURUMU Imputation Products that are no longer offered to consumers, the prices have been replaced by imputations in accordance with Eurostat advices. Transacted but could not reach the prices: estimation based on available prices and carry forward techniques. Listed prices are used for the automobiles. Services which could not offered: mostly imputed with the monthly price change of the last year. 4

TRKYE STATSTK KURUMU Weights In 2020 for protecting public health, face to face surveying method was stopped (temporarily). The main data source of CPI, Household Budget Survey (HBS) could not be completed for 2020. CPI weights of 2021 and 2022 calculated as; the expenditure shares for years 2017-2018-2019 (HBS data) updated by using National Accounts Household Final Consumption Expenditure growth rates of 2020 and 2021. 5