Turkey’s key core inflation gauge – CPI excluding energy, food, beverages, tobacco and gold – edged up in April, signaling that underlying price pressures remain stubborn despite prior tightening efforts.
The year-over-year indicator rose to 29.8% in April 2026, slightly above March’s 29.7% print. Both figures compare price changes in each respective month to the same month a year earlier, highlighting how little progress has been made in cooling core inflation over the past year.
The marginal increase, confirmed with data updated on 4 May 2026, suggests that while headline volatility from energy and food may be stripped out, entrenched inflationary dynamics in the broader economy remain largely intact heading into the second quarter. Investors and policymakers will be watching subsequent releases closely for clearer signs of disinflation in Turkey’s core price trend.
