Istanbul consumer prices rise 1.5 percent in May
Consumer prices in Istanbul rose 1.53 percent month-on-month in May, easing from a 3.74 percent increase recorded in April, according to data released by the Istanbul Chamber of Commerce (İTO).
On an annual basis, inflation in Türkiye’s largest city edged slightly lower to 36.77 percent in May, from 36.83 percent the previous month.
The steepest monthly increase was observed in the restaurants and hotels category, where prices climbed 4.14 percent. This was followed by housing costs at 3 percent and recreation and culture at 2.7 percent.
Housing prices surged 46.76 percent compared with May last year.
