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Türkiye’s Annual Inflation Eases to Below Thirty Percent in September
(MENAFN) Türkiye’s annual consumer inflation rate eased to 29.73% in September, coming in below market expectations of 30.3%, according to official data released Monday.
Consumer prices increased 1.84% from the previous month, indicating continued monthly price growth despite the annual inflation rate remaining below the 30% threshold.
Food and non-alcoholic beverages, one of the largest components of the consumer price basket, recorded a monthly decline of 0.20%. The decrease in food prices provided some relief to the overall monthly inflation reading.
Other major spending categories recorded increases during the month. Transportation prices rose 2.79%, while costs related to housing, water, electricity, gas and other fuels increased 2.71%.
Transportation made the largest contribution among these categories to monthly inflation, adding 0.49 percentage points to the overall reading. Housing contributed another 0.33 percentage points, while food and non-alcoholic beverages reduced monthly inflation by 0.05 percentage points.
On an annual basis, price increases remained particularly significant in several major expenditure groups. Food and non-alcoholic beverage prices climbed 27.62% compared with the same month a year earlier.
Transportation costs recorded a stronger annual increase of 35.10%, while housing prices rose 39.99% over the same period.
These categories also accounted for a substantial share of the annual inflation rate. Food and non-alcoholic beverages contributed 6.73 percentage points, transportation added 5.96 percentage points, and housing contributed 4.84 percentage points to the annual figure.
Underlying inflation indicators also showed continued price pressures. The core C index, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, increased 28.70% on an annual basis.
The same core measure rose 2.14% compared with the previous month, indicating that price pressures remained present even after excluding several volatile components from the consumer basket.
Another closely watched measure, the B index, which excludes unprocessed food, energy, alcoholic beverages, tobacco and gold, increased 29% annually. On a monthly basis, the index rose 2.01%.
The latest figures also showed that price increases remained widespread across the consumer basket. Of the 174 expenditure subclasses monitored by the statistical authority, prices increased in 133 categories during September.
Prices declined in 35 of the tracked subclasses, while six categories recorded no change during the month.
The September figures therefore showed a mixed picture, with annual inflation slowing below expectations while monthly prices continued to rise across several major areas of household spending.
Consumer prices increased 1.84% from the previous month, indicating continued monthly price growth despite the annual inflation rate remaining below the 30% threshold.
Food and non-alcoholic beverages, one of the largest components of the consumer price basket, recorded a monthly decline of 0.20%. The decrease in food prices provided some relief to the overall monthly inflation reading.
Other major spending categories recorded increases during the month. Transportation prices rose 2.79%, while costs related to housing, water, electricity, gas and other fuels increased 2.71%.
Transportation made the largest contribution among these categories to monthly inflation, adding 0.49 percentage points to the overall reading. Housing contributed another 0.33 percentage points, while food and non-alcoholic beverages reduced monthly inflation by 0.05 percentage points.
On an annual basis, price increases remained particularly significant in several major expenditure groups. Food and non-alcoholic beverage prices climbed 27.62% compared with the same month a year earlier.
Transportation costs recorded a stronger annual increase of 35.10%, while housing prices rose 39.99% over the same period.
These categories also accounted for a substantial share of the annual inflation rate. Food and non-alcoholic beverages contributed 6.73 percentage points, transportation added 5.96 percentage points, and housing contributed 4.84 percentage points to the annual figure.
Underlying inflation indicators also showed continued price pressures. The core C index, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, increased 28.70% on an annual basis.
The same core measure rose 2.14% compared with the previous month, indicating that price pressures remained present even after excluding several volatile components from the consumer basket.
Another closely watched measure, the B index, which excludes unprocessed food, energy, alcoholic beverages, tobacco and gold, increased 29% annually. On a monthly basis, the index rose 2.01%.
The latest figures also showed that price increases remained widespread across the consumer basket. Of the 174 expenditure subclasses monitored by the statistical authority, prices increased in 133 categories during September.
Prices declined in 35 of the tracked subclasses, while six categories recorded no change during the month.
The September figures therefore showed a mixed picture, with annual inflation slowing below expectations while monthly prices continued to rise across several major areas of household spending.
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