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Istanbul is the most costly city in Turkey.

The Turkish Statistics Institute (TUA[degrees]K) revealed the results of its regional purchasing power parity study for 2012 yesterday.The city of Istanbul had the highest price level with 113.1 whereas the southeastern cities of Siirt, Batman, Mardin and AA[+ or -]rnak had the lowest price level with 94.4, according to the TUA[degrees]K study. In that context, price level indices for the region of Istanbul were 13.1 percent higher than the average of Turkey and 19.8 percent higher than the region with the lowest prices. Istanbul had the highest price level index with 108.0 for the food and non-alcoholic beverages group, whereas the southeastern cities of Gaziantep, AdA[+ or -]yaman and Kilis had the lowest with 94.7, Hurriyet Daily reports.
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Publication:Balkan Business News
Date:Jun 27, 2013
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