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Türkiye’s annual inflation reaches 29.77% in October

Türkiye’s statistical institute TÜİK reported on 3 November 2026 that annual inflation reached 29.77% in October. Consumer prices rose 2.58% from September, compared with a monthly increase of 1.84% the previous month.

Flag of Türkiye.
Turkish flag, illustration. David Benbennick / Wikimedia Commons, public domain; PNG rendering. — David Benbennick / Wikimedia Commons — domaine public (géométrie simple), rendu PNG.

The annual rate edged up from September’s 29.73%. The two measures use different comparisons: the monthly rate compares October with September 2026, while the annual rate compares October 2026 with October 2025.

Detailed figures carried by Finansmetre show food and non-alcoholic beverages rising 3.50% over the month. Housing, water, electricity, gas and other fuels increased 2.84% month on month and 40.24% year on year.

Sources 4