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Consumer prices in Istanbul increased by 3.19% in February, while annual inflation slowed to 45.35%, according to data released by the Istanbul Chamber of Commerce (ICOC).
The ICOC Istanbul Consumer Price Index (CPI) recorded a monthly increase of 3.19% in February 2025.
Compared to the same month in 2024, prices in Istanbul rose by 45.35% based on the ICOC 2023=100 index.
The price changes by sector in February were as follows:
According to ICOC, the most significant increase was seen in the "Various Good and "Services" category (+4.14%), while the Health sector experienced a 0.95% decrease.
Wholesale prices also continued to rise in February. The ICOC Wholesale Price Index increased by 2.33%, following a 2.83% rise in January.
Annual changes in wholesale prices included:
Sectoral changes in wholesale prices from January to February 2025:
On an annual average basis, the highest increases were seen in Construction Materials (+95.42%) and Textiles (+71.77%).
Compared to January 2025, when the annual inflation rate stood at 48.40%, February saw a slight decrease to 45.35%. Meanwhile, the annual wholesale inflation rate declined from 51.13% in January to 35.10% in February.
Despite the slowdown in annual inflation, price increases continue to be significant in key sectors such as food, housing, and transportation.
The February inflation figures highlight the continued impact of price fluctuations across multiple industries, particularly in wholesale and consumer sectors.
The construction materials sector, in particular, recorded a notable annual increase of 95.42%, signaling continued cost pressures in housing and infrastructure projects.
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