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Türkiye's inflation cools to 32.1% in June

by Daily Sabah with Agencies

ISTANBUL Jul 03, 2026 - 10:38 am GMT+3
People are seen inside the famous Grand Bazaar, Istanbul, Türkiye, April 30, 2026. (AA Photo)
People are seen inside the famous Grand Bazaar, Istanbul, Türkiye, April 30, 2026. (AA Photo)
by Daily Sabah with Agencies Jul 03, 2026 10:38 am

Türkiye's annual consumer inflation eased to 32.11% in June, below market expectations, as monthly price increases remained limited amid slower energy-linked pressure, official data showed on Friday.

The consumer price index (CPI) rose 0.99% on a monthly basis, while inflation climbed 17.76% from the end of last year, according to the Turkish Statistical Institute (TurkStat).

The annual figure slowed from 32.61% in May, signaling a renewed moderation in headline inflation.

Housing, water, electricity, gas and other fuels posted the highest annual increase among the three largest expenditure groups, rising 45.14% year-over-year, down from 45.59% in May. The group contributed 5.92 percentage points to annual inflation.

Food and non-alcoholic beverages rose 35.45% annually, contributing 8.61 percentage points to the headline figure, while transportation prices increased 31.15%, adding 5.19 percentage points.

On a monthly basis, housing, water, electricity, gas and other fuels rose 2.30%, contributing 0.27 percentage points to monthly inflation.

Food and non-alcoholic beverages increased 0.17% month-on-month, while transportation prices edged down 0.05%, limiting upward pressure on the headline reading.

Among the 174 subclasses covered by the index, prices rose in 138, fell in 26 and remained unchanged in 10.

The special CPI aggregate excluding unprocessed food, energy, alcoholic beverages, tobacco and gold rose 1.66% month-on-month, and 31.18% year-on-year in June.

The 12-month average inflation rate stood at 32.03%.

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