Business · Economy · 2 hrs ago

Istanbul’s monthly inflation rose to 2.47% in October

Istanbul’s monthly inflation rose to 2.47% in October

Istanbul retail prices rose 2.47% in October, up from 2.11% in September, according to the Istanbul Chamber of Commerce.

The chamber’s index tracks retail prices in Türkiye’s largest city, home to close to a quarter of the country’s population.

Although prices rose faster over the month, the annual inflation rate eased to 32.47%, down from 33.55% in September.

Clothing and footwear had the biggest monthly increase, at 10.6%, followed by entertainment and culture and communication services.

These figures show that price pressures varied across spending categories and that monthly and annual trends can move in different directions.

Türkiye’s national October inflation data are due Tuesday, when the Turkish Statistical Institute is scheduled to release its figures.

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