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Consumer prices in Istanbul saw a slight monthly increase in March, rising by 3.79%, while the annual inflation rate climbed to 46.23%, the Istanbul Chamber of Commerce (ICOC) reported on Tuesday.
In comparison, February's consumer prices rose by 3.19% on a monthly basis, with an annual inflation rate of 45.35%.
Meanwhile, wholesale prices increased by 2.30% in March. The year-on-year change stood at 33.17%, with the annual average change reaching 46.12%, according to ICOC data.
The ICOC attributed the inflation uptick in March to notable price increases in several categories, including alcoholic beverages and tobacco (7.31%), communications (4.50%), food and non-alcoholic beverages (4.22%), housing (3.59%), transportation (3.15%), miscellaneous goods and services (3.11%), and household goods (1.27%).
Conversely, prices in the restaurants and hotels category saw a modest decline of 0.06%.
Nationwide, Türkiye’s annual inflation continued to improve for the ninth consecutive month in February, easing to 39.05%, with a monthly increase of 2.27%, according to data from the Turkish Statistical Institute (TurkStat).
TurkStat is scheduled to release March’s official consumer price figures on Thursday, April 3.
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