Türkiye's annual inflation eases to 31.51 per cent in August, just below forecasts
Türkiye's annual consumer inflation eased to 31.51 per cent in August from 31.75 per cent in July, coming in just under the 31.52 per cent economists had forecast. Monthly prices rose 1.84 per cent as transport jumped 4.82 per cent and housing costs rose 2.26 per cent, while food added only 0.22 per cent. The 12-month average inflation rate reached 31.79 per cent, with cumulative prices up 22.07 per cent since the end of 2025.
Economics & Markets··Evening
Annual inflation eases to 31.51 per cent, undershooting forecasts
The Turkish Statistical Institute (TÜİK) reported on 3 September that annual consumer inflation eased to 31.51 per cent in August from 31.75 per cent in July. Consumer prices rose 1.84 per cent on the month, slightly faster than July's 1.78 per cent increase, yet both readings landed just under the 31.52 per cent annual and 1.86 per cent monthly rates economists had forecast. Türkiye's 12-month average inflation rate stood at 31.79 per cent, and prices climbed 22.07 per cent from the end of 2025.[1], [2]
Transport and housing drive August's monthly rise
Within the month, transport prices jumped 4.82 per cent and the housing, water, electricity, gas and other fuels group rose 2.26 per cent, while food and non-alcoholic beverages added only 0.22 per cent. Over the twelve months, housing costs rose 39.77 per cent, transport 35.08 per cent and food and non-alcoholic beverages 33.79 per cent, contributing 5.01, 5.94 and 8.12 percentage points respectively to the annual rate. Prices increased in 134 of the 174 expenditure subclasses the index tracks, fell in 35 and were unchanged in five.[1]
Core index holds at 30.68 per cent as the 12-month average stays near 31.8 per cent
The core B index, which excludes unprocessed food, energy, alcoholic beverages, tobacco and gold, rose 1.84 per cent on the month and 30.68 per cent over the year, tracking the headline monthly rise almost exactly. The 12-month average inflation rate of 31.79 per cent remained above both the August headline print and the core reading, showing that despite August's slowdown to 31.51 per cent, price growth over the past year has stayed close to the average pace rather than falling sharply.[2]
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