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<\/p>\nMonthly inflation in Istanbul accelerated in October compared to the reading a month earlier, data from the Istanbul Chamber of Commerce (ITO) showed on Sunday, although the annual increase in prices slowed down.<\/p>\n
As the indicator of retail price movements, the monthly index rose 2.47% in October, ITO said in a news bulletin. This compared to 2.11% registered in September.<\/p>\n
On an annual basis, the ITO-measured Istanbul Consumer Price Index eased to 32.47% compared to 33.55% a month earlier.<\/p>\n
Seen as a barometer of price tendencies in T\u00fcrkiye’s most populous city, the index provides an insight in a change of prices affecting close to a quarter of the country’s population.<\/p>\n
The nationwide data for October inflation will be released by the Turkish Statistical Institute (TurkStat) on Tuesday.<\/p>\n
In September, inflation dropped below 30% range, cooling to 29.73% on a yearly basis.<\/p>\n
According to ITO, the largest contributor to the monthly increase in prices was clothing and footwear (10.6%), followed by communication services (5.05%) and entertainment and culture (5.32%).<\/p>\n
On a yearly basis, the surge in consumer prices in Istanbul was led by education, health services and housing, the chamber said.<\/p>\n
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