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Hotel Prices in Turkiye Up More Than 70% Over Past Year

Sputnik International

The cost of staying in Turkiye's hotels, as well as prices in cafes and restaurants, rose by 70.73% year-on-year, the data of the Turkish Statistical Institute (TUIK) showed on Monday.

2023-04-04T00:10+0000

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"Hotels, cafes and restaurants with 70.73% was the main group where the highest annual increase realized," TUIK said in a press release on the website, adding that the price of accommodation in Turkiye's hotels grew some 3.85% compared to the previous month. According to the press release, prices of food and non-alcoholic beverages grew by 67.89%, and healthcare costs increased by 64.68% over the same period. The Central Bank of Turkiye expects inflation to be 22.3% by the end of 2023.

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Hotel Prices in Turkiye Up More Than 70% Over Past Year

00:10 GMT 04.04.2023

© AP Photo / Francisco SecoRestaurant kitchen staffers have a break in Istanbul, Turkey, Friday, Jan. 13, 2023. Inflation in Turkey showed a sharp drop in December thanks mainly to a favorable base effect — a development that could help President Recep Tayyip Erdogan's standing before an election, but is unlikely to bring relief to households suffering from a cost of living crisis.

Restaurant kitchen staffers have a break in Istanbul, Turkey, Friday, Jan. 13, 2023. Inflation in Turkey showed a sharp drop in December thanks mainly to a favorable base effect — a development that could help President Recep Tayyip Erdogan's standing before an election, but is unlikely to bring relief to households suffering from a cost of living crisis. - Sputnik International, 1920, 04.04.2023

MOSCOW (Sputnik) - The cost of staying in Turkiye's hotels, as well as prices in cafes and restaurants, rose by 70.73% year-on-year, the data of the Turkish Statistical Institute (TUIK) showed on Monday.

According to the press release, prices of food and non-alcoholic beverages grew by 67.89%, and healthcare costs increased by 64.68% over the same period.

"A change in general index was realized in CPI (2003=100) on the previous month by 2.29%, on December of the previous year by 12.52%, on same month of the previous year by 50.51% and on the twelve months moving averages basis by 70.20% in March 2023," TUIK said.

The Central Bank of Turkiye expects inflation to be 22.3% by the end of 2023.