Turkey’s core inflation, measured by the CPI excluding energy, food, beverages, tobacco and gold, accelerated in May 2026, underscoring persistent underlying price pressures in the economy.
According to the latest data updated on 5 June 2026, the core CPI rose 30.4% year-over-year in May, up from 29.8% in April 2026 on the same comparison basis. The figures compare the price level in each month with the corresponding month a year earlier, highlighting that inflation in the core basket continues to trend slightly higher rather than stabilizing.
The uptick in the core measure, which strips out some of the most volatile components, suggests that inflation in Turkey remains entrenched beyond temporary or commodity-driven factors. This may reinforce expectations that policymakers will need to maintain a tight stance to bring underlying price growth closer to desired levels.
