Turkey’s annual inflation rate rose to 29.77% in October 2026, above market expectations of 29.56% and picking up from a near five-year low of 29.73% in the previous month. The latest figure raises doubts about the prospect of another interest-rate cut before year-end, following the central bank’s decision to lower its benchmark interest rate by 100 basis points to 36% in October, its first reduction since January amid subdued demand and slowing economic activity. The central bank, however, will have November inflation data at its disposal before making its next policy decision. Price increases accelerated particularly in food and non-alcoholic beverages (27.73% vs 27.62% in September), housing (40.24% vs 39.99%), and transportation (36.39% vs 35.1%). In contrast, costs eased for alcoholic beverages and tobacco (28.73% vs 31.6%) and various goods and services (20.86% vs 21.88%). On a monthly basis, consumer prices rose to a six-month high of 2.58% from 1.84% in September. source: Turkish Statistical Institute

Inflation Rate in Turkey increased to 29.77 percent in October from 29.73 percent in September 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 November of 2026.

Inflation Rate in Turkey increased to 29.77 percent in October from 29.73 percent in September 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
2026-10-05 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 29.77% 29.73% 29.56% 29.6%
2026-12-03 07:00 AM
Inflation Rate YoY
Nov 29.77%


Related Last Previous Unit Reference
CPI 140.77 137.23 points Oct 2026
Core Consumer Prices 139.01 136.19 points Oct 2026
Core Inflation Rate 28.28 28.70 percent Oct 2026
Core Inflation Rate MoM 2.07 2.14 percent Oct 2026
CPI Housing Utilities 156.42 152.10 points Oct 2026
CPI Transportation 146.96 144.05 points Oct 2026
Export Prices 136.06 135.97 points Aug 2026
Food Inflation 27.73 27.62 percent Oct 2026
Import Prices 151.12 148.92 points Aug 2026
Inflation Expectations 29.63 29.61 percent Oct 2026
Inflation Rate YoY 29.77 29.73 percent Oct 2026
Inflation Rate MoM 2.58 1.84 percent Oct 2026
Producer Prices 5998.51 5901.26 points Oct 2026
PPI YoY 27.41 27.38 percent Oct 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
29.77 29.73 138.71 -4.01 1965 - 2026 percent Monthly
2025 =100, NSA

News Stream
Turkey Inflation Rate Above Expectations
Turkey’s annual inflation rate rose to 29.77% in October 2026, above market expectations of 29.56% and picking up from a near five-year low of 29.73% in the previous month. The latest figure raises doubts about the prospect of another interest-rate cut before year-end, following the central bank’s decision to lower its benchmark interest rate by 100 basis points to 36% in October, its first reduction since January amid subdued demand and slowing economic activity. The central bank, however, will have November inflation data at its disposal before making its next policy decision. Price increases accelerated particularly in food and non-alcoholic beverages (27.73% vs 27.62% in September), housing (40.24% vs 39.99%), and transportation (36.39% vs 35.1%). In contrast, costs eased for alcoholic beverages and tobacco (28.73% vs 31.6%) and various goods and services (20.86% vs 21.88%). On a monthly basis, consumer prices rose to a six-month high of 2.58% from 1.84% in September.
2026-11-03
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