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.”
Leaders of the Group of Seven (G7) have called for a strong and coordinated international response to the Ebola outbreak in the Democratic Republic of...
Pope Leo XIV has been invited to visit Azerbaijan by President Aliyev during talks with a senior Vatican official in Baku. The invitation was extended...
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to b...
Türkiye’s Foreign Minister Hakan Fidan has warned against actions in the Black Sea that could threaten regional stability, saying he raised the iss...
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emerge...
The European Central Bank (ECB) welcomed news of a preliminary ceasefire agreement between the U.S. and Iran on Monday, as hopes of a reopening of the Strait of Hormuz pushed oil prices lower and reduced expectations of further interest rate rises in the eurozone.
Domestic economic conditions are playing a growing role in shaping the outlook for Azerbaijan, Armenia, Kazakhstan and Uzbekistan, according to global financial services group ING.
India is expected to experience its weakest monsoon in more than a decade in 2026, raising concerns over crop production, food prices and economic growth as the country also grapples with inflationary pressures linked to the Iran conflict.
UK shop price inflation rose to 1.2% in May from 1.0% in April as retailers continued to face mounting cost pressures across supply chains, according to new industry data.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, signaling further weakness in the world’s second-largest economy.
Macao opened the 17th International Infrastructure Investment and Construction Forum on Thursday, with officials and industry leaders highlighting the role of green and digital technologies in strengthening global infrastructure connectivity.
At the start of 2026, something unusual happened in China's car market. BYD, the company that had spent years at the top of the domestic sales charts, was knocked off its perch by a rival.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering (IPO), the company said on Monday, joining rival Anthropic in a race to the stock market as investors seek exposure to the artificial intelligence boom.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment