Inflation in Türkiye reached 32.87% in October

The Turkish Statistical Institute (TÜİK) has published the Consumer Price Index (CPI) data for October 2025. Compared to the previous month, prices increased by 2.55%, by 28.63% since December 2024, and by 32.87% year-on-year. The average annual price increase over 12 months was 37.15%.

The largest increases were recorded in housing (+50.96%), food and non-alcoholic beverages (+34.87%), and transportation (+27.33%). These groups made the main contributions to annual inflation: 7.75%, 8.44%, and 4.34% respectively.

Month-on-month, food prices increased by 3.41%, housing by 2.66%, and transportation costs by 1.07%.

Of 143 categories of goods and services, 118 recorded price increases, 18 declined, and 7 remained unchanged, indicating broad-based inflation.

The core inflation index (B), which excludes unprocessed food, energy, alcohol, tobacco, and gold, rose by 2.43% month-on-month and by 32.52% year-on-year, confirming persistently high core inflation.

Economists had forecast a monthly increase of 2.69%, with expectations ranging from 2% to 3%. The average year-end inflation forecast for 2025 is 31.93%, with estimates ranging between 31% and 33.06%.

Despite some slowdown in pace, inflation in Türkiye remains high.