Inflation in Istanbul eased slightly on both an annual and a monthly basis in June, data from a major chamber showed on Wednesday, ahead of the release of nationwide data later this week.
Consumer prices in Türkiye's largest city advanced 35.94% year-over-year last month, the Istanbul Chamber of Commerce (ITO) said, thus slowing down from 36.77% registered in May.
Month-over-month prices rose 1.14%, ITO said. This marked a lower increase than 1.53% seen in May.
Driving the monthly surge in prices was the communication group, with a surge of 4.28%, and the alcohol and tobacco group with 4.20%, the survey showed. The prices, however, regressed in transportation (-0.95%) and the clothing and footwear group (-2.21%).
On a yearly basis, education and housing continued to weigh on the overall inflation picture, being the two groups with the highest surge at 52.51% and 46.29%, respectively.
