Business · Economy · 13 hrs ago
Turkey’s auto and housing prices rose less than inflation, minister says
Turkey’s Trade Minister Ömer Bolat said car and home prices rose more slowly than inflation over the past year.
He put annual price increases at about 22% for cars and 23% for homes, compared with headline inflation of about 29%.
Bolat said government regulations helped keep the increases below inflation, though he did not detail those measures in the available text.
Inflation has been a major challenge since the Covid-19 pandemic, and Turkey has also pursued policies to bring it down.
The comparison matters because car and housing costs are rising more slowly than overall prices, according to the minister.
The text gives no specific next steps on these regulations.
Turkey’s trade minister said annual price rises for automobiles and homes were below headline inflation.
Ömer Bolat put car price growth at 22% and housing price growth at about 23% over the past year.
He said headline inflation was about 29%.
Bolat attributed the lower increases to regulations introduced by his ministry.
- Who
- Turkey’s Trade Minister Ömer Bolat.
- What
- He said annual price increases for cars and homes were below headline inflation.
- When
- October 21, 2026.
- Where
- Turkey.
- Why
- Bolat said regulations introduced by his ministry helped keep price increases below inflation.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Automobile prices
- 22% annual increase over the past year
- Housing prices
- About 23% annual increase over the past year
- Headline inflation
- About 29%
- Statement date
- October 21, 2026
What people are saying
Over the last year, annual price increases were 22 percent for automobiles and around 23 percent for housing, while headline inflation is around 29 percent.