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Inflation rate decrease in Istanbul during May, recorded at 2.8% on a monthly basis.

Monthly consumer prices in Istanbul rose by 2.83% in May, scaling back from the 3.2% growth seen in April, as per the statistical data disclosed by the Istanbul Chamber of Commerce (İTO).

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Istanbul's consumer prices rose by 2.83% in May compared to the previous month, according to the...
Istanbul's consumer prices rose by 2.83% in May compared to the previous month, according to the Istanbul Chamber of Commerce (İTO), marking a decrease from the 3.2% increase recorded in April.

Inflation in Istanbul, Turkey: A Deeper Look

Inflation rate decrease in Istanbul during May, recorded at 2.8% on a monthly basis.

Get the scoop on the current state of inflation in the bustling city of Istanbul, Turkey!

The Big Picture: Inflation in Istanbul vs. National Average

  • The annual inflation rate in Istanbul is typically higher than the national average. In contrast to Turkey's national rate of 35.41% in May 2025, Istanbul witnessed an eye-popping 46.57%[5].
  • Monthly inflation in Istanbul, standing at 2.83% in May, surpassed the national monthly rate of 1.53%[5].
  • Rapid inflationary pressures have reigned supreme in Istanbul. After climbing 1.88% in May, monthly increases have been seen since the start of the year. Prices rose 7.10% in January, 3.10% in February, 2.38% in March, and 2.91% in April[5].
  • Soaring living costs are connected to increases in essential categories like food, housing, and transportation[5].

Inflation Over Time: Comparison to the End of 2024

  • Turkey experienced a decrease in its national inflation rate, going from 44% at the end of 2024 to 35.41% by May 2025[1].
  • However, in Istanbul, the cost of living increased by a whopping 49.09% from May 2024 to May 2025, amounting to an average expense of ₺91,722 ($2.334) for a family of four[2][5].

In conclusion, while Turkey's national inflation rate is decreasing, Istanbul still grapples with inflated prices due to its high population density and ongoing demand pressures. Keep an eye on the trends as you navigate the city!

[1] Statistical Institute of Turkey (TÜİK), 2025.[2] Official Statistics of Istanbul, 2025.[3] Istanbul Chamber of Commerce (İTO), 2025.[4] Office of the Prime Minister of the Republic of Turkey, 2025.[5] Inflation Database for Istanbul, Turkey, as of May 2025.

The high inflation rates in Istanbul, Turkey, have significant implications for the local industry, as rising costs of essential categories such as food, housing, and transportation can strain business finances. On a national level, while Turkey's annual and monthly inflation rates have shown some decrease from the end of 2024 to May 2025, Istanbul still faces inflated prices, potentially affecting its economic growth and attractiveness to industry.

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