In June, the consumer price index in Istanbul was 55.19%. In this respect reported On the website of the Istanbul Chamber of Commerce (Istanbul Kanal Ticaret).
Prices in the retail sector have increased by 55.19% in the last 12 months. In the same period, wholesale prices increased by 64.27%. Compared to May this year, retail prices increased by 3.46% and wholesale prices increased by 4.32% on a monthly basis.
According to the organization, the prices for cultural events, education and entertainment increased the most (+6.99%). Communication and travel costs rose 5.11 percent, while housing costs rose 3.75%.
Fuel oil, which led the price increase in the wholesale sector, increased its cost by 8.36% compared to May. Construction materials increased by 5.71% and food products by 3.9%.
20 June Milliyet newspaper WroteThe Central Bank of the Republic of Turkey may raise interest rates drastically to 40%. It’s also at 8.5% for the past few months. The publication pointed out that the decision to sharply increase the key interest rate will be a radical change in the economic trajectory in recent years.
Previously reportedIn May, negative monthly inflation could be recorded in Turkey for the first time since December 2018.