FX.co ★ Turkey Producer Inflation Picks Up in May

Turkey experienced an increase in its annual producer inflation rate, which climbed to 23.13% in May 2025, up from 22.50% in April, a low not seen in four and a half years. Inflation rose in the manufacturing sector, moving from 22.65% in April to 22.99% in May, and in the electricity, gas, and steam sector, where it increased from 14.45% to 19.83%. Conversely, price growth decelerated in the mining and quarrying sector, dropping from 29.59% to 28.11%, as well as in the water supply sector, where it decreased from 58.14% to 57.57%. On a month-to-month basis, producer prices saw a rise of 2.48% in May, following a 2.76% increase in April, which was the most significant uptick recorded in three months.