Annual inflation in Türkiye cooled slightly to 31.5% in August, while month-on-month consumer prices advanced 1.84%, official data showed on Thursday.

The annual increase in prices was led by education, health and housing, the data from the Turkish Statistical Institute (TurkStat) showed.

The consumer price index (CPI) was down from 31.75% in July and marked a third straight month of easing in annual consumer prices depite ongoing conflict between the U.S. and Iran and rising prices.

Both figures came slightly below market expectations.

The consumer price index rose 22.07% compared with December 2025, while the 12-month moving average increase stood at 31.79%.

Commenting on the data, Treasury and Finance Minister Mehmet Şimşek said that inflation continued to fall despite seasonal increases in education prices and the impact of the war on fuel prices.

"Core goods inflation fell to its lowest level since November 2020 at 15.9% annually, while annual rent inflation dropped to its lowest level in 46 months," he said on social media.

"While taking steps to limit the inflationary impact of global price shocks, we are also continuing our structural policies in line with our goal of lasting price stability," he added.