Annual Inflation in Istanbul Exceeds 12 Percent

Annual Inflation in Istanbul Exceeds 12 Percent According to the data announced by the Istanbul Chamber of Commerce, the annual inflation in Istanbul has exceeds 12 percent. Retail prices increased by 2.45 percent and wholesale prices by 2.44 percent in October compared to the previous month. Retail prices increased by 2.45 percent and wholesale prices increased by 2.44 percent in October in Istanbul compared to the previous month. According to the data announced by the Istanbul Chamber of Commerce (ITO) based on 1995, the Istanbul Wage Earning Index, which is an indicator of retail price movements in Istanbul as of October 2020, is 2.45 percent compared to the previous month, Wholesale Price The Prices Index rose by 2.44 percent. When the announced data was analyzed on an annual basis, it was observed that the Wage Earning Index increased by 12.40 percent and the Wholesale Price Index increased by 14.45.   Sectoral Change Rates In September, clothing spending 5.31 percent, food spending 3.66 percent, household goods 3.19 percent, housing spending 0.63 percent, other spending 0.47 percent, culture, education and entertainment spending 0.44 percent, transportation and communication expenditures increased 0.16 percent, health and personal care expenditures increased 0.04 percent. In October, the wholesale prices were 4.38 percent in the unprocessed materials group, 3.80 percent in the food group, 2.20 percent in the fuel and energy group, 0.85 percent in the minerals group, 0.85 percent in the chemical group, construction materials group increased by 0.33 percent. In the textile group, there was no price change in October compared to the previous month.