Türkiye's annual inflation rate eased to 32.11 percent in June 2026, while consumer prices increased by 0.99 percent on a monthly basis, according to data released Friday by the Turkish Statistical Institute (TurkStat).

The latest figures showed that the Consumer Price Index (CPI) rose by 17.76 percent compared to December 2025, while the twelve-month average inflation rate stood at 32.03 percent.

Among the major spending categories, food and non-alcoholic beverages recorded an annual increase of 35.45 percent, while transportation costs rose by 31.15 percent and housing, water, electricity, gas, and other fuels increased by 45.14 percent compared to the same period last year.

According to TurkStat, food and non-alcoholic beverages contributed 8.61 percentage points to annual inflation, transportation contributed 5.19 percentage points, and housing-related expenses added 5.92 percentage points to the overall annual rise in consumer prices.

On a monthly basis, food and non-alcoholic beverage prices increased by 0.17 percent in June, while transportation prices declined slightly by 0.05 percent. Housing, water, electricity, gas, and other fuels registered the strongest monthly increase among the major expenditure groups, rising by 2.30 percent.

The contribution of food prices to monthly inflation was 0.04 percentage points, while transportation reduced the overall monthly increase by 0.01 percentage points. Housing-related expenses contributed 0.27 percentage points to the monthly inflation rate.

TurkStat's data showed that inflationary pressures remained widespread across the economy. Of the 174 expenditure subclasses monitored under the Classification of Individual Consumption by Purpose (COICOP), prices declined in 26 categories, remained unchanged in 10 categories, and increased in 138 categories during June.

The figures indicate that price increases continued to affect a broad range of goods and services despite the moderation in the headline inflation rate.

The institute's closely watched core inflation indicator, which excludes unprocessed food, energy, alcoholic beverages, tobacco products, and gold, rose by 1.66 percent in June compared with the previous month.

On an annual basis, core inflation reached 31.18 percent, while the twelve-month average stood at 31.49 percent.

Compared with December 2025, the core inflation index increased by 16.84 percent, suggesting that underlying price pressures remain elevated despite the recent slowdown in overall consumer inflation.

The June data will be closely monitored by policymakers and financial markets as they assess the outlook for inflation and future economic policy in the second half of the year. (ILKHA)