The annual inflation rate eased to 31.75% in July 2026 from 32.11% in June, slightly below market expectations of 31.8%. It marked the lowest reading since March, as price growth slowed particularly for housing and utilities (40.32% vs 45.14% in June), transport (30.83% vs 31.15%), and alcoholic beverages and tobacco (29.38% vs 34.15%). In contrast, inflation accelerated for food and non-alcoholic beverages (37.53% vs 35.45%), clothing and footwear (16.48% vs 14.18%), and furniture and household goods (22.41% vs 22.32%). Despite easing inflation, Middle East-driven energy price volatility is expected to keep the central bank cautious, given the country’s reliance on energy imports. The monetary authority suspended repo funding in March and shifted to its costlier 40% overnight rate, with economists seeing limited scope for rate cuts this year. On a monthly basis, consumer prices rose to a three-month high of 1.78% from 0.99% in June, though slightly below market forecasts of 1.83%. source: Turkish Statistical Institute

Inflation Rate in Turkey decreased to 31.75 percent in July from 32.11 percent in June of 2026. Inflation Rate in Turkey averaged 35.36 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 August of 2026.

Inflation Rate in Turkey decreased to 31.75 percent in July from 32.11 percent in June of 2026. Inflation Rate in Turkey is expected to be 31.30 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
2026-07-03 07:00 AM
Inflation Rate YoY
Jun 32.11% 32.61% 32.1% 32.3%
2026-08-03 07:00 AM
Inflation Rate YoY
Jul 31.75% 32.11% 31.8% 32.0%
2026-09-03 07:00 AM
Inflation Rate YoY
Aug 31.75% 31.5%


Related Last Previous Unit Reference
CPI 132.31 129.99 points Jul 2026
Core Consumer Prices 130.97 128.65 points Jul 2026
Core Inflation Rate 29.91 29.84 percent Jul 2026
CPI Housing Utilities 144.81 141.62 points Jul 2026
CPI Transportation 133.69 130.31 points Jul 2026
Export Prices 136.16 134.22 points May 2026
Food Inflation 37.53 35.45 percent Jul 2026
Import Prices 152.00 148.89 points May 2026
Inflation Rate YoY 31.75 32.11 percent Jul 2026
Inflation Rate MoM 1.78 0.99 percent Jul 2026
Producer Prices 5637.14 5552.52 points Jul 2026
PPI YoY 27.83 28.09 percent Jul 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
31.75 32.11 138.71 -4.01 1965 - 2026 percent Monthly
2025 =100, NSA

News Stream
Turkey Inflation Rate Hits 4-Month Low
The annual inflation rate eased to 31.75% in July 2026 from 32.11% in June, slightly below market expectations of 31.8%. It marked the lowest reading since March, as price growth slowed particularly for housing and utilities (40.32% vs 45.14% in June), transport (30.83% vs 31.15%), and alcoholic beverages and tobacco (29.38% vs 34.15%). In contrast, inflation accelerated for food and non-alcoholic beverages (37.53% vs 35.45%), clothing and footwear (16.48% vs 14.18%), and furniture and household goods (22.41% vs 22.32%). Despite easing inflation, Middle East-driven energy price volatility is expected to keep the central bank cautious, given the country’s reliance on energy imports. The monetary authority suspended repo funding in March and shifted to its costlier 40% overnight rate, with economists seeing limited scope for rate cuts this year. On a monthly basis, consumer prices rose to a three-month high of 1.78% from 0.99% in June, though slightly below market forecasts of 1.83%.
2026-08-03
Turkey Inflation Rate at 3-Month Low
The annual inflation rate eased to 32.11% in June 2026 from 32.61% in the previous month, in line with market expectations. This marked the lowest level since March, driven by slower price increases in housing (45.14% vs. 45.59% in May) and transportation (31.15% vs. 34.29%). Cost increases also moderated across several categories, including furniture and household goods (22.32% vs. 22.36%), health (33.62% vs. 32.94%), education (46.10% vs. 50.06%), and information and communication (25.57% vs. 25.58%). In contrast, inflation continued to rise for food and non-alcoholic beverages (35.45% vs. 34.86%), and restaurants and accommodation services (31.61% vs. 31.59%). The softer inflation reading reinforces expectations that the central bank could resume its easing cycle after keeping monetary conditions tight since March. On a monthly basis, consumer prices eased by 0.99% in June from a 1.71% increase in May and marking the smallest gain in six months.
2026-07-03
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