Turkey Producer Inflation Hits 1-½ Year High

The annual producer inflation rate in Turkey edged down to 28.09% in June 2026 from 28.93% in the previous month. Producer price growth slowed slightly in manufacturing (29.65% vs 30.72% in May), while easing more notably in electricity, gas, steam and air conditioning (4.12% vs 6.88%) and water supply (29.26% vs 35.00%). In contrast, price growth accelerated in mining and quarrying (53.50% vs 42.74%). By industrial groupings, producer price growth slowed in durable consumer goods (28.97% vs 31.39% in May), energy (24.93% vs 31.45%), and capital goods (23.01% vs 23.73%). Meanwhile, inflation accelerated slightly in intermediate goods (27.89% vs 27.76%) and non-durable consumer goods (31.42% vs 31.05%). On a monthly basis, Turkey's producer prices edged down to 1.80% in June 2026, following a 2.75% rise in May, marking the weakest monthly increase in six months.

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.