Inflation in Istanbul Reached the Highest Level in the Last 24 Years

Istanbul Chamber of Commerce (ITO) shared the price indices for May. Accordingly, retail prices in Istanbul increased by 87.35 percent in May compared to the same period of the previous year.

Inflation in Istanbul Reached the Highest Level in the Last 24 Years. Istanbul Chamber of Commerce (ITO) shared the data for May. According to ITO data, retail prices in Istanbul increased by 87.35 percent in May compared to the same period of the previous year. This increase was recorded as the highest increase seen since 1998. On a monthly basis, the increase was 5.84 percent. Again, according to ITO data, annual wholesale prices were 79.12 percent in May; There was an increase of 5.76 per month. The increase in education and entertainment was 12.15 percent. In May, compared to the previous month in retail prices, 12.15 percent in culture, education and entertainment expenditures, 7.22 percent in housing expenditures, 6.92 percent in clothing expenditures, 6.84 percent in household goods expenditures, 4.97 percent in food expenditures, transportation and While there was an increase of 3.79 percent in communication expenditures, 3.15 percent in health and personal care expenditures, no change was observed in the other expenditures group. In wholesale prices, compared to the previous month, 18.03 percent in the textile group, 7.42 percent in the foodstuffs group, 6.73 percent in the fuel and energy materials group, 3.34 percent in the construction materials group, 0.89 percent in the mines group, and 0.89 percent in the unprocessed materials group. 0.24 percent, an increase of 0.19 percent was recorded in the chemical substances group.