İstanbul: Living costs have increased by 73 percent in a year

* Photo: Engin Akyurt / Pexels

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The İstanbul Planning Agency (İPA), affiliated with the opposition-run İstanbul Metropolitan Municipality (İMM), released its March 2022 report regarding the cost of living in İstanbul yesterday (April 4).

According to the Agency, the cost of living saw a 11.17-percent increase in the city in a month. In March, the cost of living in İstanbul soared by 73.63 percent, as the report of the İPA has demonstrated.

Some of the items based on which the cost of living in İstanbul is calculated have seen the following price increases in a month:

• Granulated sugar: 27.10 percent
• Sunflower oil: 39.95 percent
• Rice: 4.43 percent
• Red meat: 21.30 percent
• Chicken: 28.54 percent
• Diesel: 42.57 percent

İstanbul'da yaşam maliyeti artmaya devam ediyor. Seçilmiş ürünler üzerinden yaptığımız fiyat analizine göre Mart ayında İstanbul'da yaşam maliyeti son bir ayda %11,17; son bir yılda ise %73,63 arttı. #enflasyon #İPA #İstanbul #yaşam #zam pic.twitter.com/Fz4ab8rsX5

— İstanbul Planlama Ajansı (@ipaistanbul) April 4, 2022

Official statistics: 5-percent monthly inflation

According to the consumer price index data shared by the Turkish Statistical Institute (TurkStat) yesterday, the monthly consumer inflation rate stood at 5.45 percent and annual inflation at 61.14 percent.

However, founded by a group of academics and announcing alternative inflation rates in Turkey, the Inflation Research Group (ENAG) estimated that Turkey's monthly consumer inflation rate was 11.93 percent and its annual inflation rate was 142.63 percent in March 2022. (HA/SD)