05.01.2026 13:10
The Consumer Price Index (CPI) was 0.89% on a monthly basis and 30.89% on an annual basis for the period of December 2025. In evaluations regarding inflation data, Minister of Treasury and Finance Mehmet Şimşek stated, "Supportive global financial conditions and moderate commodity prices, tight monetary policy, strengthened fiscal discipline, price increases managed/aligned with inflation targets, improvements in expectations, and supply-side policies will contribute to disinflation in 2026."
The Turkish Statistical Institute announced the inflation data for the period of December 2025. Accordingly, in December 2025, the CPI increased by 0.89% compared to the previous month, by 30.89% compared to December of the previous year, by 30.89% compared to the same month of the previous year, and by 34.88% according to twelve-month averages.
FIRST ASSESSMENT FROM MINISTER ŞIMŞEK
Hazine and Finance Minister Mehmet Şimşek also provided the first assessment of the inflation data announced by TÜİK. In a statement made from his X account, Minister Şimşek said, "The year-end inflation for 2025 decreased by 13.5 points compared to the previous year, reaching 30.9%, and disinflation has spread widely.
"ANNUAL SERVICES INFLATION REACHED 44%"
Annual inflation for basic goods was 17.7%, and despite the contraction in agricultural production due to frost and drought, food inflation was 28.3%. With the decline in all major service groups, especially in rent and education, annual services inflation decreased by 21.7 points, reaching 44%.
In 2026, supportive global financial conditions and moderate commodity prices, tight monetary policy, strengthened fiscal discipline, price increases managed/steered in line with inflation targets, improvements in expectations, and supply-side policies will contribute to disinflation. We will continue to implement our program with determination until we achieve our ultimate goal of price stability."