Istanbul Chamber of Commerce (ITO) announced Istanbul’s inflation. In Istanbul in December 2024; Istanbul Wage Earners’ Living Index, which is an indicator of retail price movements, increased by 1.74 percent compared to the previous month, and the Wholesale Prices index, which reflects wholesale price movements, increased by 0.82 percent.
The rate of change compared to the same month of the previous year, which shows the price changes in December 2024 compared to December 2023, was 55.27 percent in the 1995-based Wage Earnings Index of the Istanbul Chamber of Commerce (ITO) and 40.64 percent in the Wholesale Price Index.
In December 2024, retail prices compared to the previous month; 4.55 percent in the Housing Expenditures group, 2.34 percent in the Culture, Education and Entertainment Expenditures group, 1.13 percent in the Household Equipment Expenditures group, 1.05 percent in the Clothing Expenditures group, 0.93 percent in the Food Expenditures group, and 0.93 percent in the Transportation and Communication Expenditures group. An increase of 0.77 percent, 0.54 percent in the Health and Personal Care Expenditures group, and 0.15 percent in the Other Expenditures group was observed.
According to the data, in December 2024 wholesale prices compared to the previous month; An increase of 4.26 percent in the Textiles group, 2.87 percent in the Construction Materials group, 2.74 percent in the Fuel and Energy Materials group, 1.35 percent in the Chemical Materials group, 1.18 percent in the Food Materials group and 0.48 percent in the Minerals group; A decrease of -3.61 percent was observed in the Unprocessed Materials group.
