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Turkey Inflation Rate Slows More than Expected in March
The annual inflation rate in Turkey eased to 30.87% in March 2026, down from 31.53% in February which was the highest level since October 2025, and below market expectations of 31.4%. The softer-than-expected reading suggests that anticipated increases in fuel prices, along with weather-related pressures on food inflation, have so far been more subdued. A slowdown was seen in prices for food and non-alcoholic beverages (32.36% vs 36.44% in January), housing (42.06% vs 42.33%), education (51.97% vs 55.78%), and hotels, cafes and restaurants (31.66% vs 32.93%). On the other hand, prices rose faster for transport (34.35% vs 28.86%), health (29.98% vs 29.26%), information and communication (24.12% vs 22.41%), recreation and culture (27.4% vs 27.24%). Compared to the previous month, the CPI increased 1.94%, the least in three months and compared to 2.96% in February and forecasts of 2.32%. Transport recorded the biggest increase (4.52%) and made the largest impact.
Published on 2026-04-03

Turkey Inflation Rate Hits 4-Month High
Turkey’s annual inflation rose to 31.53% in February 2026, picking up from a more than four-year low of 30.65% in the previous month, albeit slightly below market expectations of 31.55%. It marked the highest reading since October 2025, as prices climbed for food and non-alcoholic beverages (36.44% vs 31.69% in January), alcoholic beverages and tobacco (36.54% vs 31.45%), health (29.26% vs 21.63%), information and communication (22.41% vs 20.09%), and recreation and culture (27.24% vs 26.88%). On the other hand, prices moderated for housing (42.33% vs 45.36%), transport (28.86% vs 29.39%), clothing and footwear (6.79% vs 7.07%), furnishings and household equipment (22.18% vs 23.13%), education (55.78% vs 64.7%), hotels, cafes and restaurants (32.93% vs 33.31%), insurance and financial services (28.31% vs 29.71%), and miscellaneous goods and services (28.02% vs 29.71%).On a monthly basis, consumer prices eased to 2.96% from 4.84% in January, slightly missing market forecasts of 3%.
Published on 2026-03-03

Turkey Inflation Rate Hits 4-Month High
Turkey’s annual inflation rose to 31.53% in February 2026, picking up from a more than four-year low of 30.65% in the previous month, albeit slightly below market expectations of 31.55%. It marked the highest reading since October 2025, as prices climbed for food and non-alcoholic beverages (36.44% vs 31.69% in January), alcoholic beverages and tobacco (36.54% vs 31.45%), health (29.26% vs 21.63%), information and communication (22.41% vs 20.09%), and recreation and culture (27.24% vs 26.88%). On the other hand, prices moderated for housing (42.33% vs 45.36%), transport (28.86% vs 29.39%), clothing and footwear (6.79% vs 7.07%), furnishings and household equipment (22.18% vs 23.13%), education (55.78% vs 64.7%), hotels, cafes and restaurants (32.93% vs 33.31%), insurance and financial services (28.31% vs 29.71%), and miscellaneous goods and services (28.02% vs 29.71%).On a monthly basis, consumer prices eased to 2.96% from 4.84% in January, slightly missing market forecasts of 3%.
Published on 2026-03-03

Turkey Inflation Rate Hits 4-Month High
Turkey’s annual inflation rose to 31.53% in February 2026, picking up from a more than four-year low of 30.65% in the previous month, albeit slightly below market expectations of 31.55%. It marked the highest reading since October 2025, as prices climbed for food and non-alcoholic beverages (36.44% vs 31.69% in January), alcoholic beverages and tobacco (36.54% vs 31.45%), health (29.26% vs 21.63%), information and communication (22.41% vs 20.09%), and recreation and culture (27.24% vs 26.88%). On the other hand, prices moderated for housing (42.33% vs 45.36%), transport (28.86% vs 29.39%), clothing and footwear (6.79% vs 7.07%), furnishings and household equipment (22.18% vs 23.13%), education (55.78% vs 64.7%), hotels, cafes and restaurants (32.93% vs 33.31%), insurance and financial services (28.31% vs 29.71%), and miscellaneous goods and services (28.02% vs 29.71%).On a monthly basis, consumer prices eased to 2.96% from 4.84% in January, slightly missing market forecasts of 3%.
Published on 2026-03-03

Turkey Inflation Rate Hits Over 4-Year Low
Turkey’s annual inflation eased to 30.65% in January 2026 from 30.89% in the previous month, albeit remaining above market expectations of 30%. It marked the lowest reading since November 2021, as price growth moderated for housing and utilities (45.36% vs 49.45% in December), furnishings and household equipment (23.13% vs 24.97%), and hotels, cafes, and restaurants (33.31% vs 34.11%). On the other hand, costs accelerated for food and non-alcoholic beverages (31.69% vs 28.31%), transport (29.39% vs 28.44%), alcoholic beverages and tobacco (31.45% vs 30.8%), and miscellaneous goods and services (29.71% vs 29.68%). On a monthly basis, consumer prices surged to a one-year high of 4.84% from 0.89% in December, surpassing market expectations of 4.32%. The January data reflects TurkStat’s overhaul of its inflation methodology, which includes rebasing the index, revising basket categories, and shifting index weights from household budget surveys to national accounts data.
Published on 2026-02-03

Turkey Inflation Rate Hits Over 4-Year Low
Turkey’s annual inflation eased to 30.65% in January 2026 from 30.89% in the previous month, albeit remaining above market expectations of 30%. It marked the lowest reading since November 2021, as price growth moderated across several categories, particularly housing and utilities (6.74% vs 7.52%), clothing (0.34% vs 0.47%), furnishings and household equipment (1.78% vs 1.91%), education (1.45% vs 1.53%), and miscellaneous goods and services (1.24% vs 1.32%). On the other hand, prices accelerated for food and non-alcoholic beverages (7.82% vs 7.07%), transport (4.64% vs 4.36%), and hotels, cafes, and restaurants (3% vs 2.84%). On a monthly basis, consumer prices surged to a one-year high of 4.84% from 0.89% in December, surpassing market expectations of 4.32%. The January data reflects TurkStat’s overhaul of its inflation methodology, which includes rebasing the index, revising basket categories, and shifting index weights from household budget surveys to national accounts data.
Published on 2026-02-03

Turkey Inflation Rate Lowest Since 2021
Turkey's annual inflation rate slowed to 30.89% in December 2025 from 31.07% in the previous month, missing market expectations of 31%. It marked the lowest reading since November 2021, as prices increased at a softer pace for housing and utilities (49.45% vs 49.92% in November), transport (28.44% vs 29.23%), clothing and footwear (6.5% vs 8.99%), furnishings and household equipment (24.97% vs 26.47%), recreation and culture (24.99% vs 25.87%), and miscellaneous goods and services (29.68% vs 29.94%). On the other hand, costs accelerated for food and non-alcoholic beverages (28.31% vs 27.44%), alcoholic beverages and tobacco (30.8% vs 30.7%), health (30.87% vs 29.46%), communications (19.04% vs 17.78%), education (66.27% vs 66.17%), and hotels, cafes, and restaurants (34.11% vs 33.91%). On a monthly basis, consumer prices edged up to 0.89% from 0.87% in November, but remained below market expectations of 0.98%.
Published on 2026-01-05

Turkey Inflation Rate Lowest Since 2021
Turkey's annual inflation rate slowed to 30.89% in December 2025 from 31.07% in the previous month, missing market expectations of 31%. It marked the lowest reading since November 2021, as prices increased at a softer pace for housing and utilities (49.45% vs 49.92% in November), transport (28.44% vs 29.23%), clothing and footwear (6.5% vs 8.99%), furnishings and household equipment (24.97% vs 26.47%), recreation and culture (24.99% vs 25.87%), and miscellaneous goods and services (29.68% vs 29.94%). On the other hand, costs accelerated for food and non-alcoholic beverages (28.31% vs 27.44%), alcoholic beverages and tobacco (30.8% vs 30.7%), health (30.87% vs 29.46%), communications (19.04% vs 17.78%), education (66.27% vs 66.17%), and hotels, cafes, and restaurants (34.11% vs 33.91%). On a monthly basis, consumer prices edged up to 0.89% from 0.87% in November, but remained below market expectations of 0.98%.
Published on 2026-01-05

Turkey Inflation Rate at 4-Year Low
Turkey's annual inflation rate eased to 31.07% in November 2025 from 32.87% in the previous month, below market expectations of 31.6%. It marked the lowest reading since November 2021, as prices moderated for food and non-alcoholic beverages (27.44% vs 32.87% in October), housing (49.92% vs 50.96%), furnishings and household equipment (26.47% vs 28.9%), health (29.46% vs 32.06%), communications (17.78% vs 19.35%), and miscellaneous goods and services (29.94% vs 30.13%). In contrast, costs increased at a faster pace for transport (29.23% vs 27.33%), alcoholic beverages and tobacco (30.7% vs 27.56%), clothing and footwear (8.99% vs 7.98%), recreation and culture (25.87% vs 25.32%), education (66.17% vs 65.69%), and hotels, cafes and restaurants (33.91% vs 33.78%). On a monthly basis, consumer prices eased to 0.87% from 2.55% in October, missing market expectations of 1.25% and marking its lowest level since May 2023.
Published on 2025-12-03

Turkey Inflation Rate at 4-Year Low
Turkey's annual inflation rate eased to 31.07% in November 2025 from 32.87% in the previous month, below market expectations of 31.6%. It marked the lowest reading since November 2021, as prices moderated for food and non-alcoholic beverages (27.44% vs 32.87% in October), housing (49.92% vs 50.96%), furnishings and household equipment (26.47% vs 28.9%), health (29.46% vs 32.06%), communications (17.78% vs 19.35%), and miscellaneous goods and services (29.94% vs 30.13%). In contrast, costs increased at a faster pace for transport (29.23% vs 27.33%), alcoholic beverages and tobacco (30.7% vs 27.56%), clothing and footwear (8.99% vs 7.98%), recreation and culture (25.87% vs 25.32%), education (66.17% vs 65.69%), and hotels, cafes and restaurants (33.91% vs 33.78%). On a monthly basis, consumer prices eased to 0.87% from 2.55% in October, missing market expectations of 1.25% and marking its lowest level since May 2023.
Published on 2025-12-03

Turkey Inflation Rate at 4-Year Low
Turkey's annual inflation rate eased to 31.07% in November 2025 from 32.87% in the previous month, below market expectations of 31.6%. It marked the lowest reading since November 2021, as prices moderated for food and non-alcoholic beverages (27.44% vs 32.87% in October), housing (49.92% vs 50.96%), furnishings and household equipment (26.47% vs 28.9%), health (29.46% vs 32.06%), communications (17.78% vs 19.35%), and miscellaneous goods and services (29.94% vs 30.13%). In contrast, costs increased at a faster pace for transport (29.23% vs 27.33%), alcoholic beverages and tobacco (30.7% vs 27.56%), clothing and footwear (8.99% vs 7.98%), recreation and culture (25.87% vs 25.32%), education (66.17% vs 65.69%), and hotels, cafes and restaurants (33.91% vs 33.78%). On a monthly basis, consumer prices eased to 0.87% from 2.55% in October, missing market expectations of 1.25% and marking its lowest level since May 2023.
Published on 2025-12-03

Turkey Inflation Rate Hits Near 4-Year Low
Turkey's annual inflation rate slowed to 32.87% in October 2025 from 33.29% in the previous month. It marked the lowest reading since November 2021, as prices moderated in the majority of sub-indices, particularly for food and non-alcoholic beverages (34.87% vs 36.06% in September), housing (50.96% vs 51.36%), clothing and footwear (7.98% vs 9.8%), furnishings and household equipment (28.9% vs 29.32%), health (32.06% vs 35.21%), communications (19.35% vs 23.2%), education (65.69% vs 66.1%), hotels, cafes and restaurants (33.78% vs 33.91%), and miscellaneous goods and services (30.13% vs 31.6%). Meanwhile, costs accelerated for transport (27.33% vs 25.3%), alcoholic beverages and tobacco (27.56% vs 24.49%), and recreation and culture (25.32% vs 24.85%). On a monthly basis, consumer prices rose by 2.55% in October, easing from an eight-month high of 3.23% in the previous month.
Published on 2025-11-03

Turkey Inflation Rate Hits Near 4-Year Low
Turkey's annual inflation rate slowed to 32.87% in October 2025 from 33.29% in the previous month, coming in below market expectations of 33.2%. It marked the lowest reading since November 2021, as prices moderated in the majority of sub-indices, particularly for food and non-alcoholic beverages (34.87% vs 36.06% in September), housing (50.96% vs 51.36%), clothing and footwear (7.98% vs 9.8%), furnishings and household equipment (28.9% vs 29.32%), health (32.06% vs 35.21%), communications (19.35% vs 23.2%), education (65.69% vs 66.1%), hotels, cafes and restaurants (33.78% vs 33.91%), and miscellaneous goods and services (30.13% vs 31.6%). Meanwhile, costs accelerated for transport (27.33% vs 25.3%), alcoholic beverages and tobacco (27.56% vs 24.49%), and recreation and culture (25.32% vs 24.85%). On a monthly basis, consumer prices rose 2.55% in October, easing from an eight-month high of 3.23% in September and below market forecasts of 2.83%.
Published on 2025-11-03

Turkey Inflation Rate Hits Near 4-Year Low
Turkey's annual inflation rate slowed to 32.87% in October 2025 from 33.29% in the previous month, coming in below market expectations of 33.2%. It marked the lowest reading since November 2021, as prices moderated in the majority of sub-indices, particularly for food and non-alcoholic beverages (34.87% vs 36.06% in September), housing (50.96% vs 51.36%), clothing and footwear (7.98% vs 9.8%), furnishings and household equipment (28.9% vs 29.32%), health (32.06% vs 35.21%), communications (19.35% vs 23.2%), education (65.69% vs 66.1%), hotels, cafes and restaurants (33.78% vs 33.91%), and miscellaneous goods and services (30.13% vs 31.6%). Meanwhile, costs accelerated for transport (27.33% vs 25.3%), alcoholic beverages and tobacco (27.56% vs 24.49%), and recreation and culture (25.32% vs 24.85%). On a monthly basis, consumer prices rose 2.55% in October, easing from an eight-month high of 3.23% in September and below market forecasts of 2.83%.
Published on 2025-11-03

Turkey Inflation Rate Hits Near 4-Year Low
Turkey's annual inflation rate slowed to 32.87% in October 2025 from 33.29% in the previous month, coming in below market expectations of 33.2%. It marked the lowest reading since November 2021, as prices moderated in the majority of sub-indices, particularly for food and non-alcoholic beverages (34.87% vs 36.06% in September), housing (50.96% vs 51.36%), clothing and footwear (7.98% vs 9.8%), furnishings and household equipment (28.9% vs 29.32%), health (32.06% vs 35.21%), communications (19.35% vs 23.2%), education (65.69% vs 66.1%), hotels, cafes and restaurants (33.78% vs 33.91%), and miscellaneous goods and services (30.13% vs 31.6%). Meanwhile, costs accelerated for transport (27.33% vs 25.3%), alcoholic beverages and tobacco (27.56% vs 24.49%), and recreation and culture (25.32% vs 24.85%). On a monthly basis, consumer prices rose by 2.55% in October, easing from an eight-month high of 3.23% in the previous month.
Published on 2025-11-03

Turkey Inflation Rate Above Expectations
Turkey’s annual inflation rate edged up to 33.29% in September 2025 from 32.95% in August, surpassing market expectations of 32.5%. This marked the first rise in inflation in 15 months, driven primarily by faster price increases in transportation (25.30% vs 24.86% in August), clothing and footwear (9.8% vs 9.49%), communication (23.20% vs 20.61%), and education (66.10% vs 60.91%). In contrast, price growth moderated in housing and utilities (51.36% vs 53.27%), food and non-alcoholic beverages (33.06% vs 33.28%), alcoholic beverages and tobacco (24.49% vs 29.71%), household furnishings and maintenance (29.32% vs 29.74%), recreation and culture (24.85% vs 26.16%), health services (35.21% vs 36.59%), and miscellaneous goods and services (31.06% vs 33.03%). Core inflation eased to 32.54% from 33.0% in August. On a monthly basis, consumer prices rose 3.23% in September, following a 2.04% increase in August and beating the expected 2.6% gain.
Published on 2025-10-03

Turkey Inflation Accelerates Surpassing Expectations
Turkey’s annual inflation accelerated to 33.29% in September 2025, ending a 15-month streak of slowing consumer price growth, up from 32.95% in August and slightly above market expectations of 32.5%. The increase was driven by faster price growth in transportation (25.30% vs 24.86% in August), clothing and footwear (9.8% vs 9.49%), communication (23.20% vs 20.61%), and education (66.10% vs 60.91%). In contrast, price growth moderated in housing and utilities (51.36% vs 53.27%), food and non-alcoholic beverages (33.06% vs 33.28%), alcoholic beverages and tobacco (24.49% vs 29.71%), household furnishings and maintenance (29.32% vs 29.74%), recreation and culture (24.85% vs 26.16%), health services (35.21% vs 36.59%), and miscellaneous goods and services (31.06% vs 33.03%). Core inflation eased to 32.54% from 33.0% in August. On a monthly basis, consumer prices rose 3.23% in September, following a 2.04% increase in August and beating the expected 2.6% gain.
Published on 2025-10-03

Turkey Inflation Accelerates Surpassing Expectations
Turkey’s annual inflation accelerated to 33.29% in September 2025, ending a 15-month streak of slowing consumer price growth, up from 32.95% in August and slightly above market expectations of 32.5%. The increase was driven by faster price growth in transportation (25.30% vs 24.86% in August), clothing and footwear (9.8% vs 9.49%), communication (23.20% vs 20.61%), and education (66.10% vs 60.91%). In contrast, price growth moderated in housing and utilities (51.36% vs 53.27%), food and non-alcoholic beverages (33.06% vs 33.28%), alcoholic beverages and tobacco (24.49% vs 29.71%), household furnishings and maintenance (29.32% vs 29.74%), recreation and culture (24.85% vs 26.16%), health services (35.21% vs 36.59%), and miscellaneous goods and services (31.06% vs 33.03%). Core inflation eased to 32.54% from 33.0% in August. On a monthly basis, consumer prices rose 3.23% in September, following a 2.04% increase in August and beating the expected 2.6% gain.
Published on 2025-10-03

Turkey Inflation Accelerates Surpassing Expectations
Turkey’s annual inflation accelerated to 33.29% in September 2025, ending a 15-month streak of slowing consumer price growth, up from 32.95% in August and well above market expectations of 32.5%. The increase was driven by faster price growth in transportation (25.30% vs 24.86% in August), clothing and footwear (9.8% vs 9.49%), communication (23.20% vs 20.61%), and education (66.10% vs 60.91%). In contrast, price growth moderated in housing and utilities (51.36% vs 53.27%), food and non-alcoholic beverages (33.06% vs 33.28%), alcoholic beverages and tobacco (24.49% vs 29.71%), household furnishings and maintenance (29.32% vs 29.74%), recreation and culture (24.85% vs 26.16%), health services (35.21% vs 36.59%), and miscellaneous goods and services (31.06% vs 33.03%). Core inflation eased to 32.54% from 33.0% in August. On a monthly basis, consumer prices rose 3.23% in September, following a 2.04% increase in August and beating the expected 2.6% gain.
Published on 2025-10-03

Turkey Inflation Slows to 32.95% in August
Turkey’s annual inflation rate eased to 32.95% in August 2025 from 33.52% in July, slightly above the market expectations of 32.6%. This marked the fifteenth consecutive month of slowing consumer inflation and the lowest rate since November 2021, as price growth moderated across most categories—particularly in transportation (24.86% vs 26.57%), housing and utilities (53.27% vs 62.01%), clothing and footwear (9.49% vs 10.67%), household furnishings and maintenance (29.74% vs 30.13%), education (60.91% vs 75.54%), health services (36.59% vs 37.49%), and restaurants and hotels (33.96% vs 34.16%). In contrast, price increased faster in food and non-alcoholic beverages (33.28% vs 27.95%), alcoholic beverages and tobacco (29.71% vs 27.79%), and communication (20.61% vs 19.62%). Core inflation also declined to 33.0% from 34.7% in July. On a monthly basis, consumer prices fell slightly by 2.04% in August, following 2.06% in July and beating the expected 1.79% increase.
Published on 2025-09-03