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.”
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 19th July, covering the latest developments you need to know.
Pope Leo said on Thursday he hopes to travel to Türkiye later this year for the 1,700th anniversary of a major Christian Church summit, in what would be the first foreign trip of his papacy.
United Nations Secretary-General António Guterres announced on Thursday that the latest discussions on Cyprus were "constructive" and that progress had been made on several initiatives.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
U.S. markets closed mostly flat Friday, capping a third winning week out of four.
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and marking a major win for the crypto industry.
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
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