November inflation announced in Istanbul
In Istanbul in November 2023; The Istanbul Wage Earners’ Living Index, which is an indicator of retail price movements, increased by 3.79 percent compared to the previous month, and the Wholesale Price Index, which reflects price movements wholesalers, increased 2.94 percent.
According to data from the Istanbul Chamber of Commerce (ITO), the exchange rate compared to the same month of the previous year, which shows price changes in November 2023 compared to November 2022, is 73.89 percent. percent in the 1995 wage income index. in the Istanbul Chamber of Commerce (ITO) and in the Wholesale Price Index 73.89 percent, compared to 65.01 percent.
According to ITO, October inflation in Istanbul was 3.69 percent monthly and 72.73 percent annually. Thus, inflation accelerated in November compared to the previous month.
THE GREATEST INCREASE IS IN CULTURE AND EDUCATION
In November 2023, retail prices compared to the previous month; 5.53 percent on expenses on culture, education and entertainment, 4.95 percent on expenses on housing, 4.95 percent on expenses on food
An increase of 4.84 percent was observed, an increase of 2.48 percent in expenditures on clothing, an increase of 1.30 percent in expenditures on health and personal care, an increase of 0.32 percent in expenses on household equipment and an increase of 0.15 percent in the group of other expenses, a decrease of -0.52 percent in expenses on transportation and communications.
Wholesale prices in November 2023 compared to the previous month; While an increase of 14.39 percent was observed in the Construction Materials Group, 5.03 percent in the Textiles Group, 2.87 percent in the Chemical Materials Group, 2.59 percent in the Minerals Group and 1.88 percent in the Fuel and Energy Materials Group, -0.87 A percentage decrease was observed in the group of unprocessed materials.
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.