Turkey Producer Inflation Hits 1-½ Year High

The annual producer inflation rate in Turkey rose to 28.93% in May 2026, the highest level since November 2024, and accelerated from 28.59% in the previous month. Price growth picked up in mining and quarrying (42.74% vs 40.42% in April) and manufacturing (30.72% vs 30.36%), while producer inflation eased in electricity, gas, steam and air conditioning (6.88% vs 7.19%) and water supply (35.00% vs 38.26%). By industrial groupings, inflation accelerated in intermediate goods (27.76% vs 26.49%) and durable consumer goods (31.39% vs 29.75%), while price growth moderated in non-durable consumer goods (31.05% vs 31.57%), energy (31.45% vs 33.15%), and capital goods (23.73% vs 24.70%). On a monthly basis, producer prices rose 2.75%, following a 3.17% increase in April, which was the largest in a year.

The annual producer inflation rate in Turkey rose to 28.59% in April 2026 from 28.08% in the previous month, hitting its highest level since November 2024. Price pressures strengthened in manufacturing (30.36% vs 29.43% in March) and mining and quarrying (40.42% vs 32.28%), while remaining broadly stable in water supply (38.26% vs 38.25%). In contrast, costs slowed sharply for electricity, gas, steam, and air conditioning (7.19% vs 14.32%). By industrial groupings, inflation rose for intermediate goods (26.49% vs 25.84%) and energy (33.15% vs 27.78%). Meanwhile, inflation softened for durable consumer goods (29.75% vs 30.45%), non-durable consumer goods (31.57% vs 31.95%), and capital goods (24.70% vs 27.18%). On a monthly basis, producer prices picked up to 3.17% in April from 2.30% in the preceding period.

The annual producer inflation rate in Turkey rose to 28.08% in March 2026, the highest since December 2024, from 27.56% in the previous month. Price growth accelerated in manufacturing (39.43% vs 27.98% in February), mining and quarrying (32.28% vs 31.88%), and water supply (38.25% vs 38.22%). Meanwhile, inflation eased in electricity, gas, steam, and air conditioning (14.32% vs 22.53%). By industrial groupings, inflation picked up for non-durable consumer goods (31.95% vs 31.57%), and energy (27.18% vs 20.68%). In contrast, it slowed for intermediate goods (25.84% vs 26.09%), durable consumer goods (30.45% vs 32.14%), and capital goods (27.18% vs 29.51%). On a monthly basis, producer prices increased 2.30% in March, down from 2.43% in February.