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The cost of living for a family of four in Istanbul rose to ₺82,880 ($2,308) in January, marking a 56.21% annual increase, according to the Istanbul Planning Agency (IPA).
The report indicates that the cost of living in the city increased by 7.10% compared to the previous month, amounting to an additional ₺5,495.
Price hikes in essential food and consumer goods were particularly notable. Over the past year, the price of baby formula surged by 67.43%, while meat and ground beef rose by 55.10%. Sunflower oil prices increased by 62.28%, and milk saw a 42.54% rise.
| Product | Annual change | Monthly change |
| Rice | 33.36% | 5.75% |
| Baby food | 67.43% | 4.72% |
| Pasta | 35.88% | 4.23% |
| Meat-minced meat | 55.10% | 2.01% |
| Milk | 42.54% | 12.76% |
| Sunflower oil | 62.28% | 3.03% |
| Kidney beans | 35.01% | 0.93% |
| Tea | 54.85% | 1.13% |
| Underwear (for men) | 43.09% | 5.29% |
| Sweater (for child) | 22.17% | -2.06% |
| Television | 15.55% | 0.20% |
| Shaving supplies | 92.48% | -0.20% |
| Shoes (for women) | 15.85% | 2.58% |
Among individual product categories, the most striking price increase was recorded in shaving products, which soared by 92.48% compared to January of the previous year.
Istanbul remains the most inflationary city in Europe, with the Istanbul Chamber of Commerce (ICOC) reporting a 48.4% annual increase in consumer prices for January.
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