Prices in hotels and restaurants in Turkey rose by almost 75% last year. Such statistics were presented in the Turkish mass media, referring to inflation for February 2023, which was published by the Turkish Statistical Institute (TUIK) – an analog of our State Statistics Service.
According to these figures, price growth averaged 55.18% year-to-date, with prices up 3.15% year-to-date. At the same time, the table of the annual rate of change by the main expenditure groups of the Consumer Price Index (CPI), which takes into account all vital sectors of Turkey, showed that in some areas – including the hotel business – inflation is significantly higher.
The figures are as follows: according to the CPI, inflation in hotels and restaurants increased by as much as 74.34% compared to last year. And until last January, the price increase in February in hotels and restaurants amounted to 4.07%.