Türkiye's annual inflation rises to 29.77% in October
13 oC
13 oC
Güneşli
13 oC
Güneşli
Türkiye's annual consumer price inflation rose to 29.77% in October, while monthly inflation stood at 2.58%, according to data released by the Turkish Statistical Institute (TurkStat) on Tuesday.
The consumer price index (CPI), based on 2025 as the reference year, increased by 2.58% from September and by 27.52% compared with December 2025, TurkStat said.
The 12-month average inflation rate reached 31.23%.
Housing-related costs recorded the highest annual increase among the main expenditure groups, rising by 40.24%. Transportation prices increased by 36.39%, while food and non-alcoholic beverage prices rose by 27.73%.
Food and non-alcoholic beverages made the largest contribution to annual inflation, adding 6.81 percentage points to the overall rate. Transportation contributed 6.10 percentage points, while housing-related costs accounted for 4.71 percentage points.
On a monthly basis, food and non-alcoholic beverage prices rose by 3.50% in October, compared with a 2.84% increase in housing-related costs and a 2.02% rise in transportation prices.
Food and non-alcoholic beverages contributed 0.84 percentage points to monthly inflation, followed by housing at 0.34 percentage points and transportation at 0.36 percentage points.
Of the 174 expenditure subcategories covered by the CPI, prices increased in 134, declined in 29 and remained unchanged in 11 during October.
The CPI indicator excluding unprocessed food, energy, alcoholic beverages, tobacco and gold, known as core inflation measure B, increased by 28.46% annually and 2.00% monthly.
The core index rose by 25.87% compared with December 2025, while its 12-month average increase stood at 30.45%. (ILKHA)
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Türkiye's goods exports reached a record high for October, rising 8.1% year-on-year to $25.9 billion, Trade Minister Ömer Bolat said on Tuesday, as the country's annualized exports surpassed the government's target.
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