Consumer prices in Istanbul rose 2.47% in October from the previous month, according to figures released on Sunday by the Istanbul Chamber of Commerce (İTO), Borsa Gündem, Milli Gazete and İHA reported. Annual inflation in Türkiye’s largest city stood at 32.47%.
Clothing leads October’s rise
Clothing and footwear recorded by far the steepest monthly increase, at 10.60%, according to the İTO data reported by the three outlets. Entertainment and culture followed with 5.32% and communication with 5.05%.
Food and non-alcoholic beverages rose 2.58% on the month, while housing, the group that includes rent and utilities, went up 2.24%. Restaurants and hotels increased 1.87%, miscellaneous goods and services 1.82%, health 1.80%, furnishings and household goods 1.67% and education 1.52%.
Transport showed the smallest increase, at 0.45%, and prices of alcoholic beverages and tobacco were unchanged in October, the figures show.
Recent data on the city’s rental market are covered in our report on house prices and Istanbul rents, and the national picture for food costs in Türk-İş’s October hunger and poverty lines.
Wholesale prices up 1.20%
İTO’s wholesale price index for Istanbul rose 1.20% in October, bringing the annual rate to 25.51%, Milli Gazete, Toplumsal and İHA reported.
Among wholesale groups, chemicals posted the largest monthly rise at 3.44%, followed by unprocessed goods at 2.31% and construction materials at 1.34%. Food rose 1.00% and fuel and energy 0.53%, while textile prices did not change.
On an annual basis, mining and metals showed the highest wholesale inflation at 41.97%, followed by food at 26.92%, fuel and energy at 25.60% and construction materials at 23.48%.
By comparison, participants in the central bank’s October market survey expected nationwide year-end inflation of 29.63%. For a broader look at household budgets, see our cost of living in Turkey guide.
Sources
- İstanbul’da ekim ayı enflasyonu yüzde 2,47 oldu (Borsa Gündem)
- İstanbul’da ekim ayı enflasyonu açıklandı! Fiyatı en çok artan ürün grubu belli oldu (Milli Gazete)
- Ekim ayında İstanbul’un yıllık enflasyonu yüzde 32,47 oldu (İstanbul Gazetesi / İHA)
- İstanbul’da ekim enflasyonu %2,47’ye ulaştı (Toplumsal)
Photo: Slyronit / CC BY-SA 4.0, via Wikimedia Commons
