August inflation in Istanbul has been announced

The Istanbul Chamber of Commerce (ITO) announced the data for the Means of Living Wage Index and the Wholesale Price Index for August 2023.

Consequently, in August 2023 in Istanbul; The Istanbul Means-of-Living Wage Index, which is a gauge of retail price movements, rose 8.80 percent from the previous month, and the Wholesale Price Index, which reflects price movements wholesalers, increased by 6.65 percent.

Compared to August 2022, the rate of change compared to the same month of the previous year, which shows price changes in August 2023, was 74.17 percent in the Wage Workers Livelihoods Index from the Istanbul Chamber of Commerce (ITO) of 1995. , and 66.18 percent in the Wholesale Price Index.

Thus, the highest annual inflation in the last 6 months was recorded. In March 2023, the annual inflation in Istanbul was 73.02 percent.

While monthly inflation was 3.46 percent in June, in July it was 9.84 percent; Annual inflation was 63.76 percent in July.

THE LARGEST INCREASE IN TRANSPORTATION: 32.29% IN ONE MONTH

In August 2023, in retail prices compared to the previous month; 32.29 percent in Expenses in Transportation and Communications, 9.77 percent in Expenses in Food, 8.94 percent in Expenses in Domestic Goods, 7.53 percent in Other Expenses, 6.50 percent in Expenses in Housing, 4.11 percent in Expenditures on Culture, Education and Entertainment, and Expenditures on Health and Personal Care. Expenses rose 1.87 percent and clothing spending rose 0.33 percent.

In August 2023, in wholesale prices compared to the previous month; 12.35 percent in the Textile Group, 9.44 percent in the Minas Group, 8.28 percent in the Fuel and Energy Materials Group, 8.23 ​​percent in the Food Group, 4.25 percent in the Chemicals Group, 3.65 percent in the Unprocessed Materials, Construction Materials Group An increase of 2.77 percent was observed in the group.