September inflation data was announced in Istanbul

According to the data of the Istanbul Chamber of Commerce (ITO), the Istanbul Consumer Price Index, which measures retail price movements in Istanbul, increased by 2.11 percent monthly in September. Annual inflation in the city was recorded as 33.55 percent.

In August, monthly inflation in Istanbul was 1.66 percent and annual inflation was 34.96 percent.

In the Istanbul Consumer Price Index based on ITO 2023=100, the price change in September 2026 compared to the same month of the previous year was 33.55 percent.

22.59 PERCENT INCREASE IN EDUCATION EXPENDITURES

In September, the highest price increase compared to the previous month was seen in education expenditures. Prices in the education group increased by 22.59 percent.

After education, transportation expenditures increased by 4.60 percent, miscellaneous goods and services by 2.96 percent, restaurants and hotels by 2.42 percent, communications by 2.24 percent, household goods by 1.93 percent, entertainment and culture by 1.73 percent, housing by 1.69 percent, clothing and shoes by 0.91 percent, and food and non-alcoholic beverages by 0.14 percent.

No price changes were observed in alcoholic beverages, tobacco and health expenditure groups.

NEW ACADEMIC YEAR PRICES HAS BEEN UP

According to the evaluation of ITO, the price increases in the products and services in the education expenditure group in September were effective in the price changes in Istanbul with the start of the new academic year.

Price changes due to periodic and market conditions came to the fore in some products and services in the transportation, communication, various goods and services, restaurants and hotels groups.

It was stated that the seasonal effect was the determining factor in price changes in the food and non-alcoholic beverages group.

The highest price increase among spending groups in September was in the education group with 22.59 percent.