Business · Economy · 2 hrs ago
Turkey’s Inflation Rose Slightly in October, Clouding Rate-Cut Prospects
Inflation in Turkey accelerated slightly in October, contrary to expectations.
The increase has put another interest-rate cut before year-end in question.
Interest-rate cuts are now uncertain because inflation has picked up.
The latest change concerns Turkey’s economy and its inflation trend.
It matters because the inflation reading may affect the path for interest rates.
Whether Turkey cuts rates again this year remains uncertain.
Turkey’s annual consumer inflation was 29.77% in October, while monthly inflation was 2.58%.
The annual rate rose slightly, raising questions about whether Turkey’s central bank may cut interest rates again before year-end.
Inflation over 12 months averaged 31.23%.
Food and non-alcoholic drinks rose 27.73% year on year, while housing, water, electricity, gas and other fuels rose 40.24%.
The October figures set the rent increase cap for November at 31.23%.
- Who
- Turkey’s statistics agency, TÜİK, released the inflation figures.
- What
- Annual consumer inflation was 29.77% in October and monthly inflation was 2.58%.
- When
- The figures were released on November 3, 2026.
- Where
- Turkey.
- Why
- The release raised questions about the possibility of another interest-rate cut before the end of the year.
This story does not have two clearly opposing sides.
Consumer prices rose 2.58% from the previous month and 29.77% from a year earlier.
TÜİK released the October inflation figures, and the November rent increase cap was reported as 31.23%.
- Annual inflation
- 29.77% in October 2026
- Monthly inflation
- 2.58% in October 2026
- 12-month average inflation
- 31.23%
- November rent increase cap
- 31.23%
- Core indicator B
- 28.46% annual increase and 2.00% monthly increase