The cost of living in Istanbul for a family of four reached 85,453 TL ($2,344) in February, marking a 54.47% annual increase, according to the Istanbul Planning Agency (İPA). This amount equals 3.9 times the minimum wage (22,104 TL).
Key Price Hikes:
- Toilet paper: +95.01%
- Biscuits: +86.05%
- Tomatoes: +50.25%
Meanwhile, inflation figures remain a point of contention:
- TÜİK’s official annual inflation: 39.05%
- ENAG’s independent estimate: 79.51%
This surge in living costs highlights ongoing inflationary pressures in Turkey.