Newsletters
The Istanbul Chamber of Commerce (ICOC) reported that prices rose for 240 out of 336 consumer products in January compared to the previous month, while 49 products saw a decline.
According to the ICOC, significant price increases were recorded in healthcare and transportation services, suggesting rising operational costs and inflationary pressures in these sectors.
Similarly, rising education expenses reflected broader economic trends affecting tuition and childcare services. Food prices also surged in some areas, likely because of seasonal supply fluctuations and logistical challenges.
On the other hand, the decline in food prices, particularly for vegetables and cooking essentials, signified a seasonal surplus or improved supply conditions. Another category with a substantial price drop was clothing, likely because of post-holiday discounts or stock clearances.
Meanwhile, the decrease in hotel room rates reflected lower tourism demand following the peak season.
Some of the other products that experienced price increases include:
Product
Price Increase Rate (%)
Dental examination services
66.67
Literary books
52.80
Dental filling
44.71
Tooth extraction
44.09
Bridge-highway and tunnel toll
43.89
Parking fee
40.00
Urban public transport
35.58
Taxi
35.00
School bus fee
34.96
Green onion
32.61
Cucumber
29.36
Intercity bus ticket
24.96
Kindergarten and nursery fee
22.22
Lemon
17.75
Bread
15.24
Some of the products that recorded price decreases include:
Product
Price Decrease Rate (%)
Cauliflower
-19.00
Women's sweater
-8.39
Men's sweater
-8.31
Olive oil
-6.92
Iron
-6.90
Women's cardigan
-6.33
Spinach
-5.99
Leek
-5.72
Women's shirt
-5.47
Men's jacket
-5.22
Overnight hotel room rate
-3.52
Consumer prices in Istanbul surged by 48.4% on an annual basis in January, while wholesale goods prices rose by 2.83%, according to ICOC.
1 min read
1 min read
