Turkey’s annual inflation rate decreased to 30.89% in December 2025, down from 31.07% in November and significantly lower than the 44.4% recorded in December 2024. The 12-month average inflation for 2025 was 34.88%, a notable decline from 58.51% in 2024.
In December, the Consumer Price Index (CPI) rose by 0.89%, slightly higher than November’s 0.87%. Major contributors to the annual inflation included food and non-alcoholic beverages (up 28.31%), transportation (28.44%), and housing (49.45%), which played a critical role in driving the inflation rate. Core inflation, excluding volatile items such as food and energy, rose by 31.66% year-on-year and by 0.78% monthly, indicating persistent underlying price pressures despite the overall decline in headline inflation.
The Turkish Statistical Institute (TurkStat) highlighted that the 12-month moving average inflation for 2025 was significantly lower than in the previous year, suggesting gradual stabilization of Turkey’s economy after a period of high inflation. These trends are being monitored closely by economists and policymakers, as sustained decreases in inflation could impact future monetary policies.
The Central Bank of the Republic of Turkey (CBRT) has expressed intentions to reduce inflation to single digits in the coming years, and the current data may support revisions to such policies. Overall, the December 2025 inflation statistics signal a positive trajectory for Turkey’s economic performance, with expectations for further improvement in the future.
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