Monthly inflation in Istanbul slows in June
Consumer prices in Istanbul rose 1.14 percent month-on-month in June, easing from a 1.53 percent increase in May, data released by the Istanbul Chamber of Commerce (İTO) showed on July 1.
As a result, annual consumer inflation in Türkiye’s largest city slowed to 35.94 percent in June from 36.77 percent a month earlier.
Food and non-alcoholic beverage prices increased 0.65 percent from May and were up 37.2 percent year-on-year. Clothing and footwear prices, meanwhile, fell 2.2 percent on a monthly basis, bringing the annual increase in the category to 21.9 percent.
Housing costs rose 2.37 percent month-on-month and 46.3 percent from a year earlier.
