Istanbul's 2023 annual inflation nears 75 percent

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Istanbul's 2023 annual inflation nears 75 percent

STORY: Istanbul's 2023 annual inflation nears 75 percent SHOOTING TIME: file footage DATELINE: Jan. 3, 2024 LENGTH: 00:01:03 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of people walking in the city center in Istanbul, Türkiye 3. various of people shopping in supermarket in Istanbul, Türkiye STORYLINE: The annual inflation for retail prices in Türkiye's largest city, Istanbul, reached 74.88 percent year-on-year in 2023, the Istanbul Chamber of Commerce (ITO) reported Tuesday. Data from ITO, one of the world's largest chambers with over 700,000 members, showed that monthly inflation for retail prices in the city of nearly 16 million people increased by 3.52 percent in December. The highest price increases in December were reported for "health and personal care," followed by "culture, education and entertainment" and food products, with 5.15, 5.10, and 4.90 percent hikes respectively. In line with the newly announced data, shops in Kur

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