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Card Spending Increased by 59% in June

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The Banking State Supervisory Authority announced the total volume of my credit card purchases. Accordingly, as of July 2, 2021, the total personal credit card debt reached TL 167.1 billion.

The end of the restrictions applied during the pandemic period and our daily life to go back With the introduction of regulations, many people started to spend their money with credit cards. This situation was also reflected in the data.

According to the data of the Central Bank of the Republic of Turkey pandemic The amount of spending on debit cards and credit cards in the week of June 25-July 2, immediately after the relaxation of the measures. 35.4 billion liras it happened. According to BRSA data, total credit card debt to 167.1 billion TL reached.

Increase in June 59%

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Last year, in the week of June 26 – July 3, 20.9 billion TL of expenditure was made with credit cards and debit cards. This year, the expenditure figures have increased to 35.4 billion TL compared to the same period of the previous year. increased by 69.4 percent it happened.

On a monthly basis, the annual increase in June was compared to the same period of the previous year. %58,85 increased by the rate. When you subtract the official inflation figure of 17.50 percent, real increase of 35.2 percent took place as

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As the reason why citizens are loaded on their cards, inflation, unemployment and low wages is showing. In addition, the fluctuations in prices after the pandemic cause the price increase, especially in the sectors where shopping with credit cards, to exceed the official figure for inflation.

There are plane tickets and accommodation at the summit

credit card

The highest annual increase in card expenditures In airlines with a rate of 446.2 % It was observed that the increase in this area was approximately 4 and a half times. According to TURKSTAT figures, the increase in airline ticket prices is 36.8%. In other words, with the start of the normalization process, the demand for airline tickets has also increased.

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Second on the list accommodation industry took place. In this period, our citizens paid 389.1 percent more annually in accommodation expenditures with credit cards. According to TUIK data, domestic tour prices for one week or longer had increased by 104.7% in June compared to the same period of the previous year.

Last year, the total credit card debt of citizens was announced as 115.1 billion TL. This year, the total credit card debt of our citizens 167.1 billion TL’yi found it. In other words, the credit card debt ratio increased by 45.2% in a 1-year period.

Source :
https://t24.com.tr/haber/haziran-ayinda-kartli-harcamalar-yuzde-58-85-oraninda-artti,965030

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