Istanbul inflation was 79.68 percent in January
The Istanbul Chamber of Commerce (ITO) announced the Istanbul inflation for January 2023.
Consequently, Istanbul’s January inflation was 79.68 percent annually. Thus, inflation in Istanbul fell in the third month from its record level in October.
According to ITO data, consumer inflation in Istanbul rose 108.7 percent annually in October, hitting a 27-year high.
STRONG MONTHLY INCREASE: INCREASE OF 3 POINTS
The monthly increase in inflation in Istanbul in January drew attention.
In December 2022, the Istanbul Wage Livelihoods Index increased by 2.94% compared to the previous month.
In January 2023, in Istanbul; Istanbul’s livelihood wage index, which is an indicator of retail price movements, rose 5.94 percent from the previous month.
The Wholesale Price Index, which reflects movements in wholesale prices, rose 5.52 percent on a monthly basis in January.
Compared to January 2022, the rate of change compared to the same month of the previous year, which shows price changes in January 2023, was 79.68 percent in the Chamber of Commerce Living Wage Index of Istanbul (ITO) based on 1995 and 80.45 percent. percent in the Wholesale Price Index.
THE GREATEST INCREASE IN TRANSPORTATION AND HEALTH
In January 2023, in retail prices compared to the previous month; 23.94 percent in Expenses in Transportation and Communications, 15.92 percent in Expenses in Health and Personal Care, 14.66 percent in Other Expenses, 6.07 percent in Food Expenses, 4.17 percent in Expenses in Culture, Education and Entertainment, 3 percent percent in Household Expenses, 62 and Housing Expenses increased by 2.30 percent.
Clothing expenses, on the other hand, decreased by -0.83 percent.
INCREASE IN WHOLESALE PRICES
In January 2023, in wholesale prices compared to the previous month; 19.48 percent in the Unprocessed Materials Group, 11.91 percent in the Construction Materials Group, 7.40 percent in the Mining Group, 2.70 percent in the Chemicals Group, 1.81 percent in the Combustible Materials Group, and Energetic, 0.96 percent in the Food Group, Textile A 0.40 a percentage increase was observed in the group.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
