Turkey’s annual inflation rose to 31.53% in February 2026, as consumer prices increased 2.96% on a monthly basis, according to official data.
The latest figures indicate that inflation remains elevated, although the broader trend points to a gradual easing compared to previous periods. The data came largely in line with market expectations, which had forecast a monthly increase close to 3%.
Key Data and Market Expectations
- Monthly inflation (CPI): 2.96%
- Annual inflation: 31.53%
- 12-month average: Above 50%
The figures were broadly in line with economists’ forecasts, suggesting a continued but controlled slowdown in price increases.
Services and Food Drive Price Pressures
Price increases in February were mainly driven by the services sector, particularly education-related costs. Food prices also remained a key contributor to overall inflation, maintaining upward pressure on household expenses.
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Disinflation Trend Continues with Risk
Despite signs of disinflation, economists caution that short-term risks remain. Inflation continues to stay above the 30% level, highlighting persistent structural pressures in the Turkish economy.
Analysts expect inflation to fluctuate within the 30–32% range in the near term, while year-end projections are estimated at around 24%.
The effects of tight monetary policy are anticipated to become more visible in the coming months, supporting a gradual decline in inflation.
Source: TÜİK
