How Expensive is Istanbul, Turkey 2024? Inflation at 70% (Turkish Lira Prices) 🇹🇷

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Published 2024-05-22
How Expensive is Istanbul, Turkey 2024? Inflation of the Turkish Lira is almost at 70% as of May 2024.

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I'm Jason, a full-time British Travel Vlogger and YouTuber.

I have filmed a travel series in many of the world's best (and least) known destinations. I started my channel in the summer of 2016 after spending a year living in China, followed by a solo trip to Eastern Europe after graduating from university.

After that European trip I explored much of Asia: visiting India, Bangladesh, Malaysia, Indonesia, Singapore, Vietnam, Cambodia, Thailand, Pakistan, the Philippines, South Korea and Kazakhstan.

I have also travelled to North Africa and the Middle East fairly extensively over the last five years, filming videos in Turkey, Algeria, Tunisia, Egypt, Saudi Arabia, Bahrain, Kuwait, Iraq, Jordan, Lebanon, Israel and Palestine.

In 2022, I took my first trip to Sub Saharan Africa, visiting Kenya and Tanzania, before heading to the Middle East, stopping in Dubai and Lebanon. Europe followed, covering both the Greek and Turkish sides of Cyprus, and afterwards going back to Italy for the second time to cover Milan and Sicily. I then visited the Caribbean for the first time, covering the Dominican Republic, before heading to both Brussels and Amsterdam, then covering Taiwan and the Philippines in Asia. I finished off the year with a trip around Morocco.

I started my travels in 2023 by finally visiting Paris, taking the Eurostar from London. I then headed over to Qatar for a few days, before heading to Asia, with videos following from India, Singapore, Taiwan, Japan, Mongolia, Thailand and Sumatra (Indonesia). I began 2024 by revisiting Bangladesh, India and Turkey.

#turkey #istanbul #turkishlira

All Comments (21)
  • @Ostricht199
    Wow, the prices in the supermarket are almost the same as in France. Insanely high relative to Turkish wages. The locals must be going through a lot.
  • @Jonesmatsunaga
    Inflation at that level will drastically erode the purchasing power of the Turkish lira. People with investments in Turkey will see their returns diminish unless they are in assets that can outpace inflation, like real estate or certain commodities.
  • I'm astonished!! The cost of living in Birmingham(UK) is cheaper , and the average wage is 2k per month. Inflation has killed their economy
  • @paulhefner2813
    Turkey has no way to stop the inflation. It destroys the savings for the elderly. The young people will have continual increases but importers will have trouble. I noticed many turkish goods no longer come to Malaysia. thanks for the video.
  • @mumihp
    We spent 5 days there and came back last week from Istanbul. We spent £1300 in total for 2 of us, this is flights, hotels which was near sultanahmet, few minutes away, activity, food, travel, gifts for family and also, tickets for ayasofia, which was 50 euro. Istanbul is a great place to visit, but its not cheap.
  • @Icheb82
    I just returned from Istanbul and there's one major problem with this city. From October 2023 to May 2024 prices in turkish lira have DOUBLED so Istanbul from an affordable place suddenly moved to another league meant for cities like Berlin / Warsaw. For example: a breakfast for two people was 350 lira in October 2023 and now it's 700 lira in May 2024. They charge a whooping 320 lira for a glass of wine and 120 lira for extra butter in your breakfast menu. Call me crazy but these are prices from Amalfi coast.😮 Rising prices might be something acceptable IF the quality of food and services was high BUT that's not the case with Istanbul. For the asking price food quality is abysmal and service quality is mediocre at best. Also: the price disparity for main attractions between locals and tourists is absurd. For example Tokapi entrance fee is 250 lira for locals and 1500 lira for tourists (6x!!!). I get it you're a local paying taxes in Istambul you get the lower price but 1500 lira is a rip off and screams: exploitation. No thanks.
  • @timlaw406
    Istanbul was the most visited city in the world last year according to Euromonitor Global Index. One thing people keep forgetting is wages have also gone up in both Lira and Dollar Euro terms. Minimum and average wage are 60-70% more than 2 years ago in USD, EUR. Just that it is very expensive to rent or buy property and eating out is much more in dollars than the last few years.
  • @Jesus-Histler
    The key is locals earn $530 a month! $107 a week. Impossible to have a normal life with normal food...
  • That massive plate of food was 200 lira which is about 9AUD. It would be triple that in Australia. Pasta and water was incredibly cheap in the supermarkets as well.
  • @uzilai
    Just in case you didn’t know: you can get all the way to Sivas by high speed train nowadays. In a comfortable way, you can get directly towards eastern of Turkiye. High speed trains also go to and from Karaman, Konya, Ankara, Eskişehir. Normal intercity trains also exist; you could take the eastern express towards Kars from Ankara, or a similar service from Ankara to Tatvan, Diyarbakir, Kayseri etc. More info is available on the website of the Turkish State Railways.
  • Thanks for the updates update. Very informative and will help me budget accordingly.
  • @travia6688
    It's interesting to see my country from the perspective of a tourist. By the way you pronounce Ş as sh in English and S is the same as s in English. So you would say Simit sarayı with s not sh, and the last letter is ı which is different to i. It sounds like the sound you make when you're disgusted in English like euugh
  • @alshami7456
    Prices in tourist countries have seriously gone through the roof... Either western countries inflation is actually not bad in comparison, or tourist countries have caught on and are just ripping off westerners. I recently paid $16 for a cappucino, $40 for a burger, and like $120 for dinner in an average restaraunt, in countries where most people make $50 a day at most. Something is seriously wrong... I think too many westerners have been trying to chase a cheaper lifestyle overseas, and tourist countries have caught on to this and have raised their prices to be similar if not more than our western countries. Crazy
  • @salqubeq5203
    Useful update on inflation impact. The numbers help. Thanks
  • Great video Jason thank you very informing all on cost of things and inflation. Until next time take care and peace