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The latest cost of living research conducted by the Istanbul Planning Agency (IPA) reveals that the cost of living in Istanbul has risen by 80.59% compared to August of the previous year.
The average cost of living for a family of four in Istanbul is calculated to be 42,593 Turkish lira.
The cost of living in Istanbul increased by 9.69% compared to the previous month and by 54.34% compared to December, the previous year.
When looking at price increases for "commonly used household items" compared to August of the previous year, one of the highest price increases was seen in olive oil, with an increase of 144.37%.
(RT/PE)