03.03.202607:26:20UTC+00Turkey Inflation Rate Hits 4-Month High

Turkey’s annual inflation accelerated to 31.53% in February 2026, up from 30.65% in January, when it had reached a more than four-year low. The figure came in just below market expectations of 31.55% and marked the highest level since October 2025.

The rise was driven mainly by faster price increases in several categories, including food and non-alcoholic beverages (36.44% vs 31.69% in January), alcoholic beverages and tobacco (36.54% vs 31.45%), health (29.26% vs 21.63%), information and communication (22.41% vs 20.09%), and recreation and culture (27.24% vs 26.88%).

By contrast, inflation eased in other major components: housing (42.33% vs 45.36%), transport (28.86% vs 29.39%), clothing and footwear (6.79% vs 7.07%), furnishings and household equipment (22.18% vs 23.13%), education (55.78% vs 64.7%), hotels, cafes and restaurants (32.93% vs 33.31%), insurance and financial services (28.31% vs 29.71%), and miscellaneous goods and services (28.02% vs 29.71%).

On a monthly basis, consumer prices rose 2.96% in February, slowing from a 4.84% increase in January and coming in just below market expectations of a 3% gain.