Breaking News... Istanbul's inflation figures announced! Which sector saw the highest increase in December?

December inflation figures for Istanbul have been announced.

The Istanbul Wage Earners' Cost of Living Index, which serves as an indicator of retail price movements for the Istanbul Chamber of Commerce (ITO), increased by 3.52 percent in December compared to the previous month, while the Wholesale Price Index, which reflects wholesale price movements, rose by 2.31 percent.

In 2023, retail prices recorded an increase of 74.88 percent, while wholesale prices rose by 62.77 percent.

HIGHEST INCREASE IN DECEMBER WAS IN HEALTH

In December, retail prices saw an increase of 5.15 percent in health and personal care expenditures, 5.10 percent in culture, education, and entertainment expenditures, 4.90 percent in food, 2.46 percent in housing, 1.05 percent in transportation and communication, 0.94 percent in household goods, 0.31 percent in the other expenditures group, and 0.19 percent in the clothing group compared to the previous month.

In wholesale prices, an increase of 5.79 percent was observed in the chemical substances group, 3.14 percent in food products, 1.86 percent in the metals group, 0.36 percent in the construction materials group, and 0.35 percent in the fuel and energy materials group compared to the previous month. While there was a 0.81 percent decrease in the unprocessed materials group, no change was observed in the textiles group.

News Source: 12punto