ITO announced Istanbul’s February inflation

ITO announced Istanbul’s February inflation. Retail prices in Istanbul increased by 4.07 percent in February compared to the previous month and 76.58 percent compared to the same period of the previous year.

According to the 1995-based data of the Istanbul Chamber of Commerce (ITO), the Istanbul Wage Earners Livelihood Index, which is an indicator of retail price movements in Istanbul, increased by 4.07 percent in February, while the Wholesale Price Index, which reflects wholesale price movements, increased by 4.64 percent.

On an annual basis, the rate of increase was 76.58 percent in retail and 65.06 percent in wholesale prices.
In February, compared to the previous month, retail prices increased by 6.73 percent in culture, education and entertainment expenditures, 5.58 percent in health and personal care, 4.98 percent in food, 4.65 percent in housing, 2.54 percent in household goods and 0.14 percent in other expenditures; 1.51 percent in clothing and 0.23 percent in transportation and communication.

Wholesale prices increased by 13.53 percent in fuel and energy, 11.26 percent in chemicals, 7.55 percent in construction materials, 4.61 percent in textiles, 2.80 percent in food, 1.69 percent in unprocessed materials and 1.27 percent in minerals.

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