Turkey’s annual inflation rate slowed to 29.73% in September 2026 from 31.51% in the previous month, below market expectations of 30.3%. It marked the lowest reading since November 2021, strengthening expectations for an interest rate cut later this month as policymakers seek to alleviate liquidity pressures linked to the domestic fund crisis. While elevated oil prices linked to the Iran war have kept inflationary pressures elevated, their impact was partly cushioned by weakening consumer demand, slowing economic activity and tighter market liquidity following the recent fund scandal. Price growth eased for food and non-alcoholic beverages (32.95% vs 33.79% in August), transport (31.8% vs 35.08%), clothing and footwear (10.47% vs 13.16%), and health (33.85% vs 43.46%). On the other hand, inflation accelerated for housing and utilities (44.37% vs 39.77%). On a monthly basis, consumer prices were stable at 1.84% in September, below market expectations of 2.3%. source: Turkish Statistical Institute

Inflation Rate in Turkey decreased to 29.73 percent in September from 31.51 percent in August of 2026. Inflation Rate in Turkey averaged 35.34 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 October of 2026.

Inflation Rate in Turkey decreased to 29.73 percent in September from 31.51 percent in August of 2026. Inflation Rate in Turkey is expected to be 31.00 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
2026-09-03 07:00 AM
Inflation Rate YoY
Aug 31.51% 31.75% 31.62% 31.5%
2026-10-05 07:00 AM
Inflation Rate YoY
Sep 29.73% 31.51% 30.3% 30.7%
2026-11-03 07:00 AM
Inflation Rate YoY
Oct 29.73%


Related Last Previous Unit Reference
CPI 137.23 134.75 points Sep 2026
Core Consumer Prices 136.19 133.34 points Sep 2026
Core Inflation Rate 28.70 30.07 percent Sep 2026
CPI Housing Utilities 152.10 148.08 points Sep 2026
CPI Transportation 144.05 140.14 points Sep 2026
Export Prices 135.97 135.27 points Jul 2026
Food Inflation 27.62 33.79 percent Sep 2026
Import Prices 148.92 150.18 points Jul 2026
Inflation Rate YoY 29.73 31.51 percent Sep 2026
Inflation Rate MoM 1.84 1.84 percent Sep 2026
Producer Prices 5901.26 5781.74 points Sep 2026
PPI YoY 27.38 27.95 percent Sep 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
29.73 31.51 138.71 -4.01 1965 - 2026 percent Monthly
2025 =100, NSA

News Stream
Turkey Inflation Rate Lowest Since 2021
Turkey’s annual inflation rate slowed to 29.73% in September 2026 from 31.51% in the previous month, below market expectations of 30.3%. It marked the lowest reading since November 2021, strengthening expectations for an interest rate cut later this month as policymakers seek to alleviate liquidity pressures linked to the domestic fund crisis. While elevated oil prices linked to the Iran war have kept inflationary pressures elevated, their impact was partly cushioned by weakening consumer demand, slowing economic activity and tighter market liquidity following the recent fund scandal. Price growth eased for food and non-alcoholic beverages (32.95% vs 33.79% in August), transport (31.8% vs 35.08%), clothing and footwear (10.47% vs 13.16%), and health (33.85% vs 43.46%). On the other hand, inflation accelerated for housing and utilities (44.37% vs 39.77%). On a monthly basis, consumer prices were stable at 1.84% in September, below market expectations of 2.3%.
2026-10-05
Turkey Inflation Eases More Than Expected
The annual inflation rate in Turkey eased to 31.51% in August 2026 from 31.75% in July, slowing for a third consecutive month and below the expected 31.62%. This marked the lowest reading since March, as inflation moderated for food and non-alcoholic beverages (33.79% vs 37.53% in July) and housing and utilities (39.77% vs 40.32%). Price growth also slowed for clothing and footwear (13.16% vs 16.48%), health (43.46% vs 43.89%), restaurants and accommodation services (31.16% vs 31.65%), and insurance and financial services (25.08% vs 25.64%). In contrast, inflation accelerated for transport (35.08% vs 30.83%), alcoholic beverages and tobacco (30.42% vs 29.38%), and recreation, sports and culture (23.43% vs 23.36%). On a monthly basis, CPI grew 1.84%, the most since May, following a 1.78% gain in July but below the forecast 1.93% increase. Meanwhile, core inflation picked up to a three-month high of 30.07% from 29.91% in July.
2026-09-03
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