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Annual inflation in Türkiye edges up slightly to 29.77% in October

by Daily Sabah with Agencies

ISTANBUL Nov 03, 2026 - 10:18 am GMT+3
People are photographed crossing over the Galata Bridge, Istanbul, Türkiye, Oct. 11, 2026. (AA Photo)
People are photographed crossing over the Galata Bridge, Istanbul, Türkiye, Oct. 11, 2026. (AA Photo)
by Daily Sabah with Agencies Nov 03, 2026 10:18 am

Türkiye's annual consumer inflation edged up slightly to 29.77% in October, official data showed on Tuesday.

Consumer prices also rose by 2.58% on a monthly basis in October compared with September, according to the Turkish Statistical Institute (TurkStat).

The annual rate eased from 32.87% recorded in October 2025 but increased slightly from 29.73% in September.

The 12-month moving average inflation rate stood at 31.23% in October, while price gains since December of the previous year reached 27.52%.

Among the main expenditure groups with the highest weight in the basket, food and non-alcoholic beverages climbed 27.73% year-over-year, contributing 6.81 percentage points to the annual change.

Transportation prices surged 36.39% annually, adding 6.1 percentage points to the overall index.

Housing, water, electricity, gas and other fuels jumped 40.24% compared to October 2025, contributing 4.71 percentage points.

On an annual basis, the highest price increase was recorded in education at 48.86%, followed by health at 43.29% and insurance and financial services at 31.41%.

Clothing and footwear posted the lowest annual rise among expenditure categories at 13.38%.

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