Turkey's inflation rate slowed to 30.9% in December, marking the fourth consecutive month of decline

Official Turkish data shows that in December 2025, Turkey's annual inflation rate slowed to 30.9%, marking the fourth consecutive month of decline and far below 44.4% in the same period last year.

AFP reported that the Turkish Statistical Institute said the average inflation rate for the 12 months of 2025 was 34.9%, lower than 58.5% in 2024.

This figure is in line with the expectations of the Central Bank of Turkey, which had previously predicted that the inflation rate by the end of the year would be approximately 31% to 33%.

In May 2024, Turkey's inflation rate once reached as high as 75%, but it began to decline and has now dropped to its lowest level since November 2021.

Since 2019, Turkey has been experiencing double-digit inflation. After President Erdogan ordered interest rate cuts to stimulate economic growth, the cost of living for millions of people has been rising day by day.

Data from the Turkish Statistical Institute shows that over the past year, consumer prices in Turkey have risen significantly. Among them, the cost of education has increased by 66%, housing prices by 49.5%, food prices by 28.3%, and healthcare prices by 30.1%.

However, the independent economist group ENAG has raised objections to the official data. ENAG said that the year-on-year inflation rate in December was 56.14% and the month-on-month inflation rate was 2.11%.

Last month, the Central Bank of Turkey cut its benchmark interest rate from 39.5% to 38% due to a slowdown in the annual inflation rate.

However, the central bank has warned that despite signs of improvement in inflation, inflation expectations and price behavior still pose risks to the deflationary process.