(MENAFN) Türkiye's inflation rate declined to 31.65 percent annually in November, down from October's 32.87 percent, according to Wednesday figures from the Turkish Statistical Institute, signaling continued moderation in core price growth.

The statistical agency's report revealed monthly producer price gains of 0.84 percent, with annual producer inflation registering 27.23 percent.

Within the three dominant spending categories comprising the consumer price index, food and non-alcoholic beverages climbed 27.44 percent year-over-year, while transportation expenses advanced 29.23 percent. Housing emerged as the most volatile sector, with annual inflation surging to 49.92 percent, the data indicated.

Türkiye has battled persistent inflation since a 2018 currency collapse, with sustained price escalation severely diminishing household and corporate buying capacity.

The nation's central bank has been incrementally reducing its primary one-week repo rate since mid-2025.

During mid-2023, the monetary authority abandoned its previous low-interest-rate policy framework. The institution aggressively elevated its key interest rate from 8.5 percent in June 2023 to 50 percent by March 2024. As inflationary pressures subsided, rate reductions commenced in December 2024. After a 100-basis-point cut on Oct. 23, the policy rate currently stands at 39.5 percent.

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