Türkiye’s annual inflation eases to 31.51 pct in August

Türkiye’s annual inflation eases to 31.51 pct in August

ANKARA
Türkiye’s annual inflation eases to 31.51 pct in August

 

Türkiye’s annual consumer inflation eased to 31.51 percent in August from 31.75 percent in July, official data showed on Sept. 3.

Consumer prices rose 1.84 percent month-on-month, slightly faster than the 1.78 percent increase recorded in July, the Turkish Statistical Institute (TÜİK) said.

Both readings were slightly below market expectations. Economists had forecast monthly inflation of 1.86 percent and an annual rate of 31.52 percent.

The consumer price index increased 22.07 percent from the end of 2025, while the 12-month average inflation rate stood at 31.79 percent.

Among the three expenditure groups with the largest weights in the index, annual prices rose 39.77 percent for housing, water, electricity, gas and other fuels, 35.08 percent for transportation and 33.79 percent for food and non-alcoholic beverages.

Food made the largest contribution to annual inflation at 8.12 percentage points, followed by transportation at 5.94 points and housing at 5.01 points.

On a monthly basis, transportation prices increased 4.82 percent and housing costs rose 2.26 percent, while food and non-alcoholic beverage prices edged up 0.22 percent.

Prices increased in 134 of the 174 expenditure subclasses covered by the index, declined in 35 and remained unchanged in five.

The B core inflation index, which excludes unprocessed food, energy, alcoholic beverages, tobacco and gold, rose 1.84 percent month-on-month and 30.68 percent annually.

Inflation,