Istanbul retail prices up 2.95% monthly in March

Retail prices in Turkey’s largest city, Istanbul, rose 2.95% month-on-month in March for an annual increase of 73.02%, the Istanbul Chamber of Commerce (ITO) said on Saturday.

Wholesale prices in the city, home to around a fifth of Turkey’s population of 85 million, increased by 4.96% month-on-month in the same period for an annual rise of 74.22%, ITO said. (Reporting by Ece Toksabay, Editing by William Maclean)