03.03.2026 13:00
The Minister of Treasury and Finance, Mehmet Şimşek, evaluated the inflation data for February. Şimşek noted that the rise in food inflation is a temporary effect and stated that studies are being conducted regarding the increase in oil prices.
Minister Şimşek made an assessment regarding the inflation, which rose to 31.53% in February.
"FOOD PRICES CAUSED A TEMPORARY INCREASE"
Şimşek stated in a message shared from his X account, "The significant increase in food prices, which is well above the long-term average, has caused a temporary rise in annual inflation."
"WE EXPECT FOOD PRICES TO BE COMPENSATED"
Şimşek expressed, "We expect the high increases in food prices observed in the last two months to be compensated in the upcoming period, depending on weather conditions."
THE IMPACT OF WAR ON ENERGY PRICES
Şimşek also pointed out the rising energy prices due to the war, saying, "On the other hand, we are working to limit the inflationary impact of rising oil prices caused by geopolitical developments."
HERE ARE THE INFLATION FIGURES
According to the data from the Turkish Statistical Institute (TÜİK), when considering the 12-month averages in February, consumer prices increased by 33.39%, and domestic producer prices increased by 25.6%.
On a monthly basis, the CPI increased by 2.96%, and the PPI increased by 2.43%.
The CPI rose by 7.95% compared to December of the previous year and by 31.53% compared to the same month last year.
The PPI saw an increase of 5.16% compared to December 2025 and 27.56% compared to February of the previous year.
With the announcement of the February inflation data, the rent increase rate was also determined. The rent increase rate to be applied for homes and workplaces in March was set at 33.39%.