Turkey Inflation Rate

Last Release

Jan 31, 2025

Actual

42.12

Units In

44.38

Frequency

Monthly

Next Release

Mar 03, 2025

Time to Release

26 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
138.71 May 1980	-4.01 Jun 1968	35.4 %	1965-2025	Turkish Statistical Institute

In Turkey, the most important categories in the consumer price index are food and non-alcoholic beverages (23.7 percent of total weight); housing, water, electricity, gas and other fuels (15.9 percent of total weight) and transportation (14.3 percent). Others include: furnishings, household equipment and routine maintenance (8 percent); hotels, cafes and restaurants (7.5 percent); clothing and footwear (7.4 percent); alcoholic beverages and tobacco (5 percent). The index also includes miscellaneous goods and services (4.7 percent); communication (4.4 percent); recreation and culture (3.8 percent); health (2.7 percent) and education (2.6 percent).

Latest Updates

The annual inflation rate in Turkey slowed to 42.12% in January 2025, down from 44.38% in December but above forecasts of 41.25%. This marks the eighth consecutive month of easing consumer inflation and is the lowest reading since June 2023, as prices moderated across most sub-indices, particularly food and non-alcoholic beverages (41.76% vs. 43.58% in December). Inflation also slowed for housing, water, electricity, gas, and other fuels (68.90% vs. 69.03%), transport (23.14% vs. 25.88%), furnishings, household equipment, and routine maintenance (35.32% vs. 38.72%), clothing and footwear (27.53% vs. 32.32%), and recreation and culture (33.05% vs. 37.57%). Meanwhile, annual core inflation fell to 42.65%, the lowest since January 2022, down from 45.34% in November. On a monthly basis, the CPI surged by 5.03%, the highest since January last year, up from a 1.03% increase in December.