(MENAFN) Türkiye has recorded its lowest inflation rate in nearly four years, with October figures showing a decline to 32.87%, according to data released Monday.

The Turkish Statistical Institute (TurkStat) reported the development marks the 17th consecutive month of declining inflation—with only a single month interrupting the downward trajectory.

Market analysts had projected October's rate would exceed 33%, making the actual figure a modest outperformance against forecasts.

Price increases across the three heaviest-weighted consumer categories showed significant variation: housing costs surged 50.96% year-over-year, while food and non-alcoholic beverages climbed 34.87%, and transportation expenses rose 27.33% annually.

These sectors' impact on the overall inflation calculation was substantial—housing contributed 7.75 percentage points, food and non-alcoholic beverages added 8.44 points, and transportation accounted for 4.34 points of the total annual change.

Month-over-month consumer price growth also decelerated, dropping to 2.55% from September's 3.23% reading.

The current rate represents dramatic improvement from 48.58% recorded twelve months earlier, and stands in sharp contrast to the 61.36% inflation registered in October 2023.

MENAFN03112025000045017169ID1110284928