Australian and Turkish Prices
Historical comparison since July 2024
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I was told that my posts were all over the place with many disjointed items following each other with no transition between them. This is the format for a newspaper, which may not be appropriate for a blog page. As an experiment, I decided to send them in five parts from this week on:
A topical essay on what attracted mist of my thinking in last two weeks
Short takes on newsworthy developments
Diary Notes and Pascal Hagi news
Books I read
Price comparison between Australia and Turkey
Let me know if you think this is better or if I should go back to all-in one-post format.
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Comparing Istanbul and Brisbane prices - AT index
Based on my basket of goods, Australia is only 12% more expensive this week compared to Istanbul. Both Coles (AU) and Migros (TR) prices are expressed in Turkish liras for the items in the basket on 29 March 2025. I converted Coles prices to Turkish liras at the exchange rate of 1AUD=23.88 TRY.
The y-axis in the following chart is
This is the inverse of AT index. The trend (the red dotted line) is rising, which means that, since 5 July 2024, the Turkish prices are slowly approaching the Australian prices. Some items, e.g. beef mince, is more expensive than in Brisbane and has been consistently so since I started this chart.
The code to create the above tables and the plot is in my github repository and can be downloaded if you are interested.