The annual inflation rate rose to 32.61% in May 2026 from 32.37% in the previous month, exceeding market expectations of 32.5%. It marked the highest reading since October 2025, as prices continued to be weighed down by the energy shock stemming from Middle East tensions. Reflecting heightened uncertainty, the central bank recently suspended its year-end inflation forecast range, citing "a period of high uncertainty," while maintaining a year-end inflation target of 24%. The central bank also tightened liquidity conditions by suspending funding through its main policy rate and shifting to the more expensive overnight lending rate of 40%. Price pressures intensified for food and non-alcoholic beverages (34.86% vs 34.55% in April), while inflation eased slightly for housing (45.59% vs 46.6%) and transport (34.29% vs 35.06%). On a monthly basis, consumer prices rose by 1.71%, slowing sharply from 4.18% in April and marking the weakest monthly increase since December 2025. source: Turkish Statistical Institute

Inflation Rate in Turkey increased to 32.61 percent in May from 32.37 percent in April of 2026. Inflation Rate in Turkey averaged 35.37 percent from 1965 until 2026, reaching an all time high of 138.71 percent in May of 1980 and a record low of -4.01 percent in June of 1968. This page provides the latest reported value for - Turkey Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Inflation Rate in Turkey increased to 32.61 percent in May from 32.37 percent in April of 2026. Inflation Rate in Turkey is expected to be 33.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Inflation Rate is projected to trend around 25.00 percent in 2027 and 20.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-04 07:00 AM
Inflation Rate YoY
Apr 32.37% 30.87% 31.25% 31.0%
2026-06-05 07:00 AM
Inflation Rate YoY
May 32.61% 32.37% 32.5% 32.8%
2026-07-03 07:00 AM
Inflation Rate YoY
Jun 32.61% 33%


Related Last Previous Unit Reference
CPI 128.72 126.55 points May 2026
Core Consumer Prices 126.80 123.20 points May 2026
Core Inflation Rate 30.44 29.83 percent May 2026
CPI Housing Utilities 138.44 135.35 points May 2026
CPI Transportation 130.37 127.77 points May 2026
Export Prices 130.50 129.80 points Mar 2026
Food Inflation 34.86 34.55 percent May 2026
Import Prices 141.10 140.00 points Mar 2026
Inflation Rate YoY 32.61 32.37 percent May 2026
Inflation Rate MoM 1.71 4.18 percent May 2026
Producer Prices 5454.58 5308.46 points May 2026
PPI YoY 28.93 28.59 percent May 2026


Turkey Inflation Rate
In Turkey, the most important categories in the Consumer Price Index are Food & Non-alcoholic Beverages (25% of the total weight); Transportation (17%); Housing, Water, Electricity, Gas & Other Fuels (14%). Others include: Furnishings, Household Equipment & Routine Maintenance (9%); Hotels, Cafes & Restaurants (7%); Clothing & Footwear (6%); and Miscellaneous Goods & Services (5%). The index also includes: Alcoholic Beverages & Tobacco (4%), Communications (4%) and Education (2%).
Actual Previous Highest Lowest Dates Unit Frequency
32.61 32.37 138.71 -4.01 1965 - 2026 percent Monthly
2025 =100, NSA

News Stream
Turkey Inflation Rate at 7-Month High
The annual inflation rate rose to 32.61% in May 2026 from 32.37% in the previous month, exceeding market expectations of 32.5%. It marked the highest reading since October 2025, as prices continued to be weighed down by the energy shock stemming from Middle East tensions. Reflecting heightened uncertainty, the central bank recently suspended its year-end inflation forecast range, citing "a period of high uncertainty," while maintaining a year-end inflation target of 24%. The central bank also tightened liquidity conditions by suspending funding through its main policy rate and shifting to the more expensive overnight lending rate of 40%. Price pressures intensified for food and non-alcoholic beverages (34.86% vs 34.55% in April), while inflation eased slightly for housing (45.59% vs 46.6%) and transport (34.29% vs 35.06%). On a monthly basis, consumer prices rose by 1.71%, slowing sharply from 4.18% in April and marking the weakest monthly increase since December 2025.
2026-06-05
Turkey Inflation Rate Hits 6-Month High
The annual inflation rate jumped to 32.37% in April 2026 from 30.87% in the previous month, surpassing market expectations of 31.25%. It marked the highest reading since October 2025, as prices accelerated across most major sub-indices, particularly food and non-alcoholic beverages (34.55% vs 32.36% in March), housing and utilities (46.6% vs 42.06%), and transport (35.06% vs 34.35%). Other categories also contributed to overall price growth, including clothing and footwear (9.66% vs 7.2%), furnishings and household goods (21.42% vs 20.52%), and health (33.02% vs 29.98%). Rising inflation is increasingly being shaped by external headwinds, particularly the prolonged Middle East war, which has pushed global oil prices higher. For Turkey, a net energy importer, the surge in energy costs is adding further strain to an already elevated inflation environment. On a monthly basis, consumer prices climbed to a three-month high of 4.18%, from 1.94% in March and above expectations of 3.28%.
2026-05-04
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.
2026-04-03