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.”
Ukraine’s domestic security service, the SBU, says it struck a Russian Kilo‑class submarine in the Black Sea port of Novorossiysk, causing critica...
Washington’s seizure of a tanker carrying Venezuelan oil shows a shift from financial sanctions to direct maritime action, further straining relatio...
Anewz brings you the best videos of the day from around the world covering everything from uplifting events to updates in conflict zones....
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities ...
The European Union’s interest in investing in regional connectivity projects in the South Caucasus, such as the Trump Route for International Peace ...
Turkish Foreign Minister Hakan Fidan says international cooperation is essential for Syria’s recovery as investment slowly begins to return despite the scale of destruction after years of conflict.
Ukraine’s navy says Russia deliberately attacked a Turkish civilian vessel carrying sunflower oil to Egypt with a drone in the Black Sea, escalating pressure on maritime shipping linked to Ukrainian exports.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman, detaining all 18 crew members on board.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment