Breaking News: Istanbul’s March inflation rate has been announced – Last Minute Economic News
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Istanbul Chamber of Commerce (ITO) announced March inflation data.
Istanbul’s annual inflation, which was 76.58 percent in February, rose to 78.25 percent in March.
In Istanbul in March 2024; Istanbul Wage Earners’ Living Index, which is an indicator of retail price movements, increased by 3.93 percent compared to the previous month, and the Wholesale Prices index, which reflects wholesale price movements, increased by 3.78 percent.
The rate of change compared to the same month of the previous year, which shows the price changes in March 2024 compared to March 2023, was 78.25 percent in the 1995-based Wage Earnings Index of the Istanbul Chamber of Commerce (ITO) and 63.21 percent in the Wholesale Price Index.
Retail prices in March 2024 compared to the previous month; 8.96 percent in Clothing Expenditures group, 8.66 percent in Other Expenditures group, 6.01 percent in Household Equipment Expenditures, 3.90 percent in Housing Expenditures, 3.62 percent in Food Expenditures, 3.05 percent in Health and Personal Care Expenditures, Transportation and Communication
An increase of 1.06 percent was observed in expenditures and a 0.20 percent increase in Culture, Education and Entertainment Expenditures.
Wholesale prices in March 2024 compared to the previous month; An increase of 7.85 percent in the Minerals Group, 5.20 percent in the Foodstuffs Group, 3.30 percent in the Raw Materials Group, 2.65 percent in the Chemical Materials Group, 0.83 percent in the Construction Materials Group and 0.43 percent in the Fuel and Energy Materials Group. was monitored. No change was observed in the Textiles Group.
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