Türkiye’s monthly inflation climbed to 4.84% in January, driven by New Year cost increases and rising food prices, while the annual inflation rate eased to 30.65%, according to data released by the Turkish Statistical Institute (TurkStat) on Monday.

Consumer prices rose 4.84% compared to December 2025. The twelve-month moving average increase reached 33.98%, pointing to continued inflationary pressure across the economy despite the slight moderation in the annual rate.

Food and Housing Lead Annual Inflation

Among the main expenditure groups with the highest weight in the CPI basket, food and non-alcoholic beverages posted an annual increase of 31.69%, transportation rose 29.39%, and housing, water, electricity, gas and other fuels surged 45.36%.

These categories were the largest contributors to annual inflation, adding 7.82 percentage points from food, 4.64 points from transportation, and 6.74 points from housing-related costs to the overall CPI increase.

Broad-Based Monthly Price Increases

On a monthly basis, price rises were widespread across key spending groups. Food and non-alcoholic beverage prices increased 6.59%, transportation costs climbed 5.29%, and housing-related expenses rose 4.43%.

Food prices were the biggest driver of monthly inflation, contributing 1.61 percentage points, followed by transportation at 0.88 points and housing-related costs at 0.51 points.

Most Items See Price Rises

In January, price increases affected the vast majority of consumer goods and services. Of the 174 subclasses under the COICOP 2018 five-digit classification, prices increased in 157 subclasses, remained unchanged in three, and declined in 14.

Core Inflation Remains Elevated

The CPI indicator excluding unprocessed food, energy, alcoholic beverages, tobacco and gold—known as core inflation (Indicator B)—also showed strong momentum. Core inflation rose 4.22% month on month and 30.11% year on year in January, while the twelve-month moving average stood at 33.82%.

The latest data highlight persistent inflationary pressures at the start of 2026, particularly in essential spending areas such as food, housing and transportation, which continue to strain household budgets across Türkiye. (ILKHA)