Türkiye's Consumer Price Index (CPI) rose sharply by 33.52% year-on-year in July 2025, according to data released by the Turkish Statistical Institute (TurkStat) on Monday, highlighting persistent inflationary pressures in the country.

The CPI increased by 2.06% from June 2025, with a 19.08% rise since December 2024 and a 41.13% increase based on the twelve-month moving average. Housing costs led the surge, skyrocketing by 62.01% annually, placing significant strain on household budgets. Transportation prices climbed 26.57%, while food and non-alcoholic beverages saw a 27.95% year-on-year increase.

On a monthly basis, housing costs rose by 5.78%, contributing 0.95% to the overall CPI increase. Transportation costs grew by 2.89% (0.45% contribution), while food and beverage prices edged up by just 0.07% (0.02% contribution).

Of the 143 consumption categories tracked, prices rose in 120, remained steady in five, and fell in 18. The core CPI, excluding volatile items like unprocessed food, energy, alcohol, tobacco, and gold, climbed 33.77% annually and 1.82% monthly, underscoring entrenched inflation.

The sharp rise in living costs, particularly in housing, has raised concerns among economists about declining purchasing power and increasing financial pressure on Turkish households. The data signals ongoing challenges for Türkiye’s economy as it grapples with high inflation. (ILKHA)