ISTANBUL CHAMBER OF COMMERCE JULY 2016 PRICE INDICES

In July 2016, retail prices in Istanbul rose by 0.88 percent, while wholesale prices rose by 0.44 percent.

The Istanbul Chamber of Commerce's (ITO) 1995-based Wage Earners' Cost of Living Index showed an annual average increase of 8.24 percent as of July 2016, while the Wholesale Price Index showed an annual average increase of 6.20 percent.

In July 2016, retail prices rose by 9.13 percent compared to the same month of the previous year, while wholesale prices rose by 5.08 percent.

RATES OF CHANGE BY SECTOR

In July 2016, compared to the previous month, retail prices saw increases of 2.55 percent in food expenditures, 1.22 percent in household goods expenditures, 0.84 in transportation and communication expenditures, 0.74 percent in culture, education and entertainment expenditures, and 0.20 percent in health and personal care expenditures. In the same period, clothing expenditures decreased by -5.42 percent and housing expenditures by -0.02 percent. No price movement was observed in the other expenditures group.

As for wholesale prices as of July 2016, on a monthly basis there were increases of 5.38 percent in the minerals group, 1.45 percent in chemicals, 0.17 percent in the foodstuffs group, and 0.08 percent in the raw materials group. In the same period, decreases of -0.70 percent occurred in construction materials and -0.29 percent in fuel and energy materials. No price movement was observed in the textiles group.

(*): Calculated by dividing the average of the index values for the 12 months going back, including the current month's index value, by the average of the previous 12-month indices.

For detailed tables: www.ito.org.tr