Türkiye’s annual inflation edges up to 29.77 pct

Türkiye’s annual inflation edges up to 29.77 pct

ANKARA
Türkiye’s annual inflation edges up to 29.77 pct

 

Türkiye’s annual consumer inflation edged up to 29.77 percent in October from 29.73 percent in September, while monthly price increases accelerated, official data showed on Nov. 3.

Consumer prices rose 2.58 percent month-on-month, up from 1.84 percent in September, the Turkish Statistical Institute (TÜİK) said.

The increase exceeded the 2.2 percent average forecast in Anadolu Agency’s survey of economists.

Food and non-alcoholic beverage prices rose 3.5 percent on the month, contributing 0.84 percentage points to the overall increase.

Transport prices increased 2.02 percent, while prices for housing, water, electricity, gas and other fuels rose 2.84 percent.

These groups contributed 0.36 and 0.34 percentage points to monthly inflation, respectively.

Among the three groups, annual price increases stood at 27.73 percent for food, 36.39 percent for transport and 40.24 percent for housing and utilities.

Food contributed 6.81 percentage points to annual inflation, followed by transport at 6.10 points and housing and utilities at 4.71 points.

The consumer price index rose 27.52 percent from the end of 2025, while the increase in the 12-month average index stood at 31.23 percent.

The core B index, which excludes unprocessed food, energy, alcoholic beverages, tobacco and gold, rose 2 percent month-on-month and 28.46 percent from a year earlier.

Prices increased in 134 of the index’s 174 subclasses during October, declined in 29 and remained unchanged in 11.

Inflation,