Istanbul Consumer Prices Up 1.77% in June 2025, Annual Inflation Hits 44.38%

The Istanbul Chamber of Commerce (ITO) reported that consumer prices in Istanbul rose 1.77% in June 2025, based on the ITO Istanbul Consumer Price Index (2023=100). Compared to June 2024, annual inflation in Türkiye’s largest city reached 44.38%, underscoring persistent cost-of-living pressures in urban areas.

Housing and Furnishing Costs Lead Monthly Gains

According to ITO’s breakdown, the largest monthly increase came from the Housing expenditures group, which rose by 2.70%, followed by:

• Household Goods: +2.57%

• Restaurants and Hotels: +1.98%

• Food and Non-Alcoholic Beverages: +1.93%

• Transportation: +1.67%

• Education: +1.45%

• Miscellaneous Goods and Services: +0.97%

• Health: +0.77%

• Communication: +0.71%

• Clothing and Footwear: +0.27%

• Alcohol and Tobacco: +0.21%

The only category showing a decline was Recreation and Culture, with a slight -0.07% drop.

Price Drivers: Public Utilities and Seasonal Trends

Price increases in housing and public services, particularly from state-regulated utilities, as well as market-driven shifts in furniture, transport, and hotel services, were key contributors to the overall monthly inflation. Additionally, seasonal effects pushed food prices higher.

Wholesale Prices Surge 1.93% in June

ITO also released its Wholesale Price Index, which rose by 1.93% in June, following a 0.69% gain in May. On a year-over-year basis, wholesale prices climbed 24.13%, while the 12-month average increase reached 37.36%.

June’s biggest wholesale price jumps by sector:

• Construction Materials: +6.92%

• Minerals: +3.06%

• Fuel and Energy: +2.22%

• Food: +1.71%

• Unprocessed Materials: +1.23%

• Chemicals: +1.00%

• Textiles: no change

Top Annual Increases by Sector (Wholesale, YoY Avg.)

• Construction Materials: +77.22%

• Textiles: +63.20%

• Chemicals: +35.37%

• Food: +34.86%

• Unprocessed Materials: +30.34%

• Fuel and Energy: +27.19%

• Minerals: +20.45%