The annual increase in the prices of meals eaten out in Istanbul reached triple-digit levels again in January.
According to the data of the Istanbul Chamber of Commerce (ITO), prices in the food group eaten out increased by 14.92 percent in January compared to the previous month. Compared to the same period of the previous year, the increase was recorded as 102.47 percent. Thus, after the double-digit annual inflation in this cluster in December, triple-digit inflation was observed again in January.
The monthly increase in the outdoor food group in January outstripped the increase in food expenditures. According to ITO data, food expenditures in Istanbul increased by 6.07 percent in January compared to the previous month. The annual increase in the food cluster was 83.79 percent.
The increase in the eat-out cluster also outstripped the increase in general retail prices and wholesale prices. Retail prices in Istanbul were 5.94 percent monthly in January; wholesale prices also increased by 5.52 percent.
Price fixing invitation was made to the sector.
In January, a price fixing invitation was made to the sector. TÜRES Leader, who participated in the Bloomberg HT broadcast, said that they made an invitation to fix the price and the valuable part of the branch complied with it.
Bingöl used the following words in the broadcast she attended on January 24: We had a very troublesome period in the pandemic. We were one of the departments most affected by the pandemic. After the pandemic, people’s spending parameters have changed. We started to do business in a way we never claimed. Along with high inflation, there was a significant increase in basic goods and foods. There was a great chasm with the heavy favor of the people. Restaurants and cafes in the very luxury segment and the lower segment remained, unfortunately the middle segment decreased. Ordinary tourism should also be taken into account. Prices have gone up a lot though. There are no places in the upper segment restaurants, very good work is done there. Nureddin Nebati, Minister of Treasury and Finance, made an invitation. First, the markets went to fix the price. Then, while explaining the economics package at Dolmabahçe, I expect the basis of price fixing from all segments. We could not remain undeterred. Minister Çavuşoğlu is also a member of the High Advisory Council of our association. We also started this campaign. We started to prioritize this. People began not to come to restaurants due to high prices. This is always on the agenda in social media. We also made a fixed price invitation. Most of the cut – you’d be very surprised – followed suit.
