Inflation & Prices
Istanbul City Retail Inflation Hits Highest Since December 2022
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Istanbul’s annual retail inflation accelerated to the highest level since December 2022, as price increases in Turkey are expected to decline in the second half of the year after reaching a peak in May.
Retail prices in the country’s biggest city rose to an annual 82.2% in May from 78.8% in April, according to data published by the Istanbul Chamber of Commerce. The monthly increase was 3.59%, down from 4.89% the previous month.