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Data released by the Turkish Statistical Institute on October 5 showed Turkiye’s annual inflation rate declining to 29.73 percent in September 2026, marking a slowdown from the 31.51 percent recorded in August. Consumer prices increased 1.84 percent from the previous month, according to the institute, which noted the annual figure came in below economists’ expectations of 30.3 percent. The institute’s figures placed the reading as the lowest annual rate since November 2021, continuing a disinflation trend evident in recent months. Food and non-alcoholic beverage prices, a major component of the index, decreased 0.20 percent month-on-month while rising 27.62 percent annually.
Transportation costs rose 2.79 percent in September on a monthly basis and contributed 0.49 percentage points to the overall monthly inflation, the Turkish Statistical Institute reported. Housing, water, electricity, gas and other fuels increased 2.71 percent from August and added 0.33 percentage points, according to the same data. Food prices reduced the monthly reading by 0.05 percentage points, the institute’s breakdown showed. On an annual basis, transportation prices climbed 35.10 percent while housing costs gained 39.99 percent, contributing 5.96 and 4.84 percentage points respectively to the headline rate.
The core C index, which strips out energy, food, alcoholic beverages, tobacco and gold, rose 28.70 percent annually and 2.14 percent month-on-month, according to Turkish Statistical Institute figures. The B index, excluding unprocessed food, energy, alcohol, tobacco and gold, increased 29.00 percent on the year and 2.01 percent from the prior month. These measures provide additional perspective on underlying price pressures beyond volatile items, the institute’s release indicated. Annual inflation for the first nine months of 2026 stood at 24.32 percent while the 12-month average rate reached 31.49 percent.
Education prices recorded the largest monthly increase among main groups at 14.19 percent, TurkStat data showed, followed by sharp gains in fuel with diesel prices up 12.93 percent and gasoline rising 11.55 percent. On an annual basis, education costs climbed 48.62 percent while health prices advanced 43.26 percent, according to the institute. Clothing and footwear registered the smallest annual increase at 13.22 percent. Fresh dates, figs and tropical fruits rose 23.31 percent month-on-month while audiovisual subscriptions and streaming services gained 10.30 percent.
Comparisons published on the Central Bank of the Republic of Turkiye website confirm the September annual rate at 29.73 percent, down from 33.29 percent in September 2025 and 49.38 percent in September 2024. The institute’s data further indicated that food and non-alcoholic beverages contributed 6.73 percentage points to the annual inflation total. Producer price trends and other supplementary indices released alongside the consumer data offered additional context on cost developments across the economy. The Turkish Statistical Institute compiles these figures using a fixed basket of goods and services updated periodically to reflect consumption patterns.
