Türkiye's December Inflation Drops to 30.89 Percent

(MENAFN) Türkiye's annual inflation rate decelerated to 30.89 percent in December, edging down from November's 31.07 percent reading, official statistics released Monday confirm.

The Turkish Statistical Institute (TurkStat) reported that consumer prices maintained upward momentum across the three primary spending categories that hold the heaviest weightings in the inflation calculation basket.

Year-over-year price escalation reached 28.31 percent for food and non-alcoholic beverages, 28.44 percent for transportation services and goods, and a staggering 49.45 percent for housing expenses.

These segments also drove the bulk of the annual inflation acceleration. Food and non-alcoholic beverages injected 7.07 percentage points into the total rate, housing expenditures delivered 7.52 percentage points, while transportation costs contributed 4.36 percentage points to the aggregate climb.

Month-to-month consumer prices advanced 0.89 percent in December, marginally surpassing the 0.87 percent uptick documented in November of the previous year, TurkStat data shows.

Türkiye has grappled with persistent elevated inflation following a 2018 currency meltdown, with sustained price pressures continuing to diminish the buying capacity of both households and commercial enterprises.

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

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