Turkey’s year-end inflation slows to 30.89%
Turkey closed the year with a moderate decline in its annual inflation rate, as official data showed a continued easing of price pressures in December. According to figures released by the Turkish Statistical Institute (TurkStat), annual inflation fell to 30.89%, down from 31.07% recorded in November.
The decrease was slightly better than market expectations, as a recent Anadolu Agency survey had forecast inflation to hover around 31% by the end of the year. Despite the slowdown, key household spending categories continued to exert strong upward pressure on prices.
Food and non-alcoholic beverages rose by 28.31% year-on-year, while transportation costs increased by 28.44%. Housing remained the most significant contributor, with prices climbing 49.45% annually. These three categories accounted for the largest share of consumer price inflation throughout the year.
In terms of contribution to overall inflation, food and non-alcoholic beverages added 7.07 percentage points, transportation contributed 4.36 points, and housing accounted for 7.52 points of the annual increase.
On a monthly basis, consumer prices rose by 0.89% in December, slightly higher than the 0.87% increase observed in November. Meanwhile, the 12-month average inflation rate declined to 34.88% in 2025, a sharp improvement compared with 58.51% in 2024, reflecting a gradual stabilization in Turkey’s inflation outlook.
