Turkey announces increase in hotel and restaurant prices

Turkey announced how much prices have increased in hotels and restaurants

Prices in hotels and restaurants in Turkey have risen by almost 75% compared to last year. Such statistics were presented in the Turkish media, referring to the inflation data for February 2023, which was published by the Turkish Statistical Institute (TUIK) – an analogue of our Rosstat.

According to these figures, price growth averaged 55.18% compared to the past year, and by the last month prices rose by 3.15%. At the same time, in the table of the annual coefficient of change for the main groups of expenses of the Consumer Price Index (CPI), which takes into account all the vital sectors of Turkey, it was shown 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 by the past January, the price increase in February in hotels and restaurants amounted to 4.07%.

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