Türkiye's year-end annual inflation eases to 30.89%

ISTANBUL

Türkiye's annual inflation rate dropped to 30.89% in December, down from 31.07% in November, official figures from the Turkish statistical office TurkStat showed on Monday.

An Anadolu survey predicted last week that the inflation would be down to 31%.

Consumer prices in the three main expenditure groups with the highest weight increased by 28.31% for food and non-alcoholic beverages, 28.44% for transportation, and 49.45% for housing annually.

The contributions of these main groups to the annual change were 7.07% for food and non-alcoholic beverages, 4.36% for transportation, and 7.52% for housing.

Month-on-month, prices increased by 0.89% last month, slightly up from 0.87% in November 2025.

The 12-month average inflation rate was 34.88% in 2025, down from 58.51% in 2024.

The December figure marked the lowest annual inflation rate in 49 months.

Vice President Cevdet Yilmaz said on Turkish social media platform NSosyal that the government will strengthen its fight against inflation through supply-side policies in areas such as social housing, food, logistics, and renewable energy.

He said the disinflation process has strengthened due to decisive, coordinated steps to combat inflation, as well as increased confidence in the economic program.

Treasury and Finance Minister Mehmet Simsek said on NSosyal that year-end inflation in 2025 declined by 13.5 percentage points from the previous year, to 30.9%, and that disinflation has become widespread across the economy.

Simsek said supportive global financial conditions, moderate commodity prices, tight monetary policy, strengthened fiscal discipline, price adjustments aligned with inflation targets, improved expectations, and supply-side policies will contribute to further disinflation in 2026.

“We will continue to implement our program with determination until our ultimate goal of price stability is achieved,” he said.

Trade Minister Omer Bolat said in a written statement that the continued decline in inflation is encouraging, noting that falling inflation alongside economic growth, rising employment and exports, a balanced current account, and stronger manufacturing indicate that Türkiye’s recovery and stabilization process continued successfully in 2025.

Bolat said decisions taken in line with declining inflation in the coming period will help consolidate gains in the disinflation process.

He added that the easing of inflation will be reflected more clearly in higher production, investment, and employment, as well as in increased purchasing power and public welfare.