In May 2025, Türkiye’s annual inflation rate declined to 35.41%, down from 37.86% in April and falling short of the market forecast of 36.1%. This represents the lowest rate recorded since November 2021, as price increases slowed across almost all categories.
According to data from TurkStat, the highest annual price increases were recorded in education (71.67%), housing (67.43%), and health (40.12%).
In contrast, the smallest increases were observed in clothing and footwear (14.12%), communications (19.25%), and transportation (24.59%).
TurkStat also highlighted the three main expenditure categories with the highest weighting in the inflation basket: food and non-alcoholic beverages, which saw an inflation rate of 32.87%; transportation at 24.59%; and housing at 67.43%.
The contributions of these categories to the overall annual inflation were as follows: 8.25% from food and non-alcoholic beverages, 4.07% from transportation, and 9.34% from housing, the agency noted.
Treasury and Finance Minister Mehmet Şimşek announced on social media platform X that annual inflation in Turkey has dropped by 40% over the past year, falling to 35.4%.
“Goods inflation stood at 28.7%, marking the lowest level in the past three and a half years. With inflation steadily declining and expectations improving, services inflation also dropped significantly—by 45 percentage points year-on-year—to 51.2%, the lowest rate since June 2022,” Şimşek stated.
He added, “Thanks to the determined implementation of our economic policies, ongoing disinflation will lead to greater predictability, improved financing conditions, a more attractive investment climate, and increased productivity. These factors will support sustainable, high-quality growth and enhanced welfare.”
Vice President Cevdet Yılmaz stated that the government remains committed to its economic program in a separate post on X: “Our primary objective is to bring down inflation and ensure stable, healthy economic growth. Despite volatility in the financial markets during March and April, the disinflation trend has continued uninterrupted for 12 months since June 2024, supported by a rebalancing of demand and improved inflation expectations.”
He also noted that the monthly pace of price increases has “slowed down significantly.”
German Chancellor Friedrich Merz praised Türkiye’s diplomatic efforts to mediate between Russia and Ukraine, calling for greater international pressure to push Moscow toward peace negotiations.
NATO has confirmed that its 2026 summit will be hosted by Türkiye, with Albania set to host the following summit in 2027, according to the final declaration from the summit in The Hague.
Turkish President Recep Tayyip Erdogan met with British Prime Minister Keir Starmer on the sidelines of the NATO summit in The Hague to discuss key regional and global issues.
The European Union will provide €20 million in humanitarian aid to support vulnerable refugees in Türkiye. This funding will be directed to humanitarian partners working closely with Turkish authorities to address refugees’ essential needs, including protection, health, water and sanitation, etc.
Türkiye has voiced strong concern following the United States’ strikes on Iranian nuclear facilities, warning that the action could dangerously escalate the conflict and trigger a global crisis.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
Italian Prime Minister Giorgia Meloni says new NATO defence spending targets are achievable for Italy, thanks to their flexible structure, and insists no other budget priorities will be sacrificed.
German Chancellor Friedrich Merz praised Türkiye’s diplomatic efforts to mediate between Russia and Ukraine, calling for greater international pressure to push Moscow toward peace negotiations.
Russia has expressed its readiness to support the signing of a peace treaty between Azerbaijan and Armenia to ensure regional stability and security.
Greek authorities have arrested a Georgian woman suspected of accidentally causing one of the wildfires devastating the island of Chios by discarding a cigarette, amid ongoing efforts to control the fires.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
Tesla’s new car sales in Europe plunged 27.9% in May, even as the region saw a major rise in demand for electric vehicles, data from the European Automobile Manufacturers Association (ACEA) showed.
Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.
European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
Oil prices fell sharply for a second day after Israel confirmed a U.S.-brokered ceasefire with Iran, easing fears that the conflict would disrupt global energy supplies.
Victor Arthein, a senior figure in the Guadeloupe Communist Party, has urged the territory to pursue political and economic independence from France, citing deep-rooted structural dependence and declining sovereignty.
Italian Prime Minister Giorgia Meloni says new NATO defence spending targets are achievable for Italy, thanks to their flexible structure, and insists no other budget priorities will be sacrificed.
German Chancellor Friedrich Merz praised Türkiye’s diplomatic efforts to mediate between Russia and Ukraine, calling for greater international pressure to push Moscow toward peace negotiations.
Russia has expressed its readiness to support the signing of a peace treaty between Azerbaijan and Armenia to ensure regional stability and security.
Greek authorities have arrested a Georgian woman suspected of accidentally causing one of the wildfires devastating the island of Chios by discarding a cigarette, amid ongoing efforts to control the fires.
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