According to the figures announced by Turkish Statistical Institution (TURKSTAT), inflation was determined as 61.53 percent on an annual basis, while according to the data of ITO, the inflation of the mega city increased by 73.18 percent on an annual basis.
According to a research conducted in Istanbul, where 65 percent of approximately 6 million employees earn their living on minimum wage, 8 out of 10 people are dissatisfied with the economic situation!
While inflation is increasing in Turkey, the cost of living does not leave citizens any room to breathe, especially in metropolitan cities.
According to the data announced by TURKSTAT, inflation increased by 4.75 percent in September and 61.53 percent on an annual basis.
In metropolitan cities, the situation is different. In particular, the inflation figures felt by Istanbulites were above TURKSTAT data.
According to the data published by the Istanbul Chamber of Commerce (ITO), retail prices in the mega city increased by 73.18 percent on an annual basis and by 5.46 in September.
According to a research conducted in Istanbul, where 65 percent of approximately 6 million employees earn their living on minimum wage, 8 out of 10 people are dissatisfied with the economic situation.
In addition to all these statistics, the fact that the average rent in Istanbul is over 12 thousand TL reveals the situation of low- and middle-income citizens in the mega city.
INFLATION PERCEIVED IN ISTANBUL IS HIGHER
The inflation felt in Istanbul, where the economic crisis in Turkey was felt most severely, is above the data published by TURKSTAT.
Especially in Istanbul, where food and basic consumer goods are extremely expensive, transportation, utility bills and housing expenses are also higher than the country average.
According to the figures announced by TURKSTAT, inflation was determined as 61.53 percent on an annual basis, while according to the data published by ITO, retail prices in the mega city increased by 73.18 percent on an annual basis.
Inflation increased by 4.75 percent in September, but again, according to ITO data, retail prices in Istanbul increased by 5.46 percent monthly.
ISTANBUL DOES NOT GIVE MINIMUM WAGE EARNERS THE OPPORTUNITY TO LIVE
According to a research conducted in Istanbul, the 4th most stressful city in the world, 8 out of 10 people are not satisfied with the economic situation. While it is estimated that there are approximately 6 million employees in Istanbul, 65 percent of those working in the mega city live on minimum wage.
In Istanbul, where the housing problem is most intense throughout the country, the average rent exceeds the minimum wage and exceeds 12 thousand TL, revealing the deplorable situation in the city.
Reverse migration is also increasing in Istanbul, which does not provide a living opportunity for a minimum wage citizen. So much so that the number of people migrating from Istanbul in 2022 is over 450 thousand.