Inflation Rates in Istanbul Showed a Slowdown in August

According to Istanbul Chamber of Commerce data, monthly retail inflation in Istanbul stood at 1.66% in August, while annual inflation declined to 34.96%.

Monthly and Annual Inflation Changes

The monthly inflation rate in retail prices in Istanbul was recorded as 1.66% in August. In the previous month, this rate was at the level of 2.06% on a monthly basis.

Annual retail inflation, on the other hand, was realized at 34.96% in August. In the previous month, this rate had been calculated as 35.20%.

Groups with the Highest Increase and Decrease

Compared to the previous month, the highest monthly increase in retail prices in August occurred in the health expenditure group with a rate of 9.77%.

The highest decrease in prices was recorded in the clothing and footwear expenditure group with a rate of 0.66%.

Price Movements in Other Expenditure Groups

Price increases of 4.42% in the transportation group, 3.69% in the communication group, and 2.50% in the recreation and culture group were observed.

Increases of 2.01% occurred in housing expenditures, 1.60% in the home appliances group, and 1.54% in the restaurants and hotels group.

An increase of 1.47% was detected in the education group, 1.30% in food and non-alcoholic beverages, and 1.03% in miscellaneous goods and services.