FX.co ★ Turkey Inflation Accelerates Surpassing Expectations

Turkey experienced an uptick in annual inflation, reaching 33.29% in September 2025. This marks a break from the previous 15-month trend of declining consumer price growth, which was 32.95% in August, and slightly surpassed the market's forecast of 32.5%. Several sectors contributed to this rise, notably transportation, which saw an increase from 24.86% to 25.30%, clothing and footwear, which rose from 9.49% to 9.8%, communication, which jumped from 20.61% to 23.20%, and education, which went up significantly from 60.91% to 66.10%. Conversely, some areas showed a deceleration in price growth: housing and utilities decreased from 53.27% to 51.36%, food and non-alcoholic beverages edged down from 33.28% to 33.06%, alcoholic beverages and tobacco dropped from 29.71% to 24.49%, household furnishings and maintenance reduced from 29.74% to 29.32%, recreation and culture fell from 26.16% to 24.85%, health services declined from 36.59% to 35.21%, and miscellaneous goods and services decreased from 33.03% to 31.06%. Core inflation also showed a slight decrease, easing to 32.54% from August’s 33.0%. On a month-to-month basis, consumer prices increased by 3.23% in September, up from a 2.04% increase in August, exceeding the anticipated rise of 2.6%.