Markets

Istanbul retail prices soared 9.65% m/m in December

Published January 1, 2022 Updated January 1, 2022 02:48pm
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ISTANBUL: Retail prices in Turkey's largest city Istanbul jumped 9.65% month on month in December for an annual increase of 34.18%, the Istanbul Chamber of Commerce (ITO) said on Saturday.

Wholesale prices in the city, home to around a fifth of Turkey's population of 84 million, increased by 11.96% month on month for an annual rise of 47.10%, ITO said.