Soru 20
20- 24. sorular aşağıdaki parçaya göre cevaplandırılacaktır.
(1) Annual Consumer Price Index (CPI) inflation, which was 9.7 percent ln 2006, dropped to 7.7 percent by October 2017. Price hikes in unprocessed food products, price increments in tobacco products and the lagged effects of the depreciation of the New Turkish lira in 2006 triggered a rise in inflation in the first quarter of 2007. However, in the following months, despite the unfavorable developments in unprocessed food and oil prices and the rise in public expenditures, inflation assumed a downward track, with the help of the lagged effects of monetary tightening that started in June 2006 on private consumption demand.
(2) The annual Producer Price Index (PPI) inflation, which is an important indicator for evaluating the cost-side effects on consumer inflation, dropped to 4.4 percent by October 2007, from 11.6 percent in 2006. While annual inflation in producer prices increased in the first quarter mainly due to the rise in energy prices, it decreased substantially in the second quarter compared to the same period of 2006 with the effect of the high base effect. Meanwhile, there was a limited rise in the prices of manufacturing industry excluding petroleum products. Annual PPI inflation in subsequent months displayed an increase due to the rise in prices of agricultural products, food and petroleum products.
Which of the following was not mentioned as a factor in inflation rise in 2007?