Eggplant and Tomato were the Champions in November
Changes in retail prices in Istanbul in November drew attention especially in the food and clothing sectors. According to the data of Istanbul Chamber of Commerce (ITO), eggplant was the most increased product with a price increase of 48.95 percent, while tomatoes and various clothing products also made their mark on the list.
Food Products Ranked First in Price Increases
There was a price increase in 142 of 242 products in the Istanbul Wage Earners Livelihood Index. In food products, eggplant became the price increase champion with an increase of 48.95 percent, while tomatoes ranked second with 46.44 percent. Zucchini ranked third with a price increase of 27.81 percent. There was also a 23.52 percent increase in fresh grapes. These increases have significantly impacted fruit and vegetable shopping for consumers.
Notable Price Increases in Clothing Sector
In November, there were significant price increases not only in food products but also in the clothing sector. Women’s coats increased by 33.72 percent, children’s coats by 31.34 percent and men’s coats by 26.47 percent. Seasonal effects are cited as one of the main reasons for the increases in clothing prices.
Price Decline Products Not Announced
The report did not share the details of the 15 products that dropped in price. However, the decrease in the prices of these products was limited compared to the total number of products that increased. Moreover, prices of 85 products remained unchanged. This suggests that prices generally displayed an upward trend in November.
Reasons for Retail Price Increases
There are several main factors behind the price increases in November. First of all, seasonal changes were particularly effective in vegetable and fruit prices. In addition, economic conditions and market fluctuations also paved the way for price increases. Consumers had to closely monitor price changes to keep their food and clothing expenditures under control.
Impacts on Consumer Behavior
How price increases affect consumer behavior is an important topic in economic analysis. Increasing prices have put a strain on the budgets of especially low-income consumers. These changes in food and basic necessities caused consumers to make more planned purchases.
As a result, the increases in retail prices in Istanbul in November had a significant impact on both food and clothing expenditures. While this situation requires consumers to spend more carefully, it also necessitates close monitoring of market conditions.
