03.07.2026 11:30
Treasury and Finance Minister Mehmet Şimşek gave important messages to the markets following the announced June inflation data. Emphasizing that the disinflation process has resumed with the monthly inflation rate of 0.99 percent, Şimşek announced four critical items that will support the decline in inflation for the remainder of the year.
Following the announcement of inflation figures by the Turkish Statistical Institute, Treasury and Finance Minister Mehmet Şimşek shared a comprehensive evaluation on his official social media account.
DISINFLATION PROCESS HAS RESUMED
Minister Şimşek emphasized that the disinflation process (slowing of price increases), which had been interrupted for some time due to rising global energy prices and supply shocks, has returned to track. Drawing attention to current data, Şimşek noted that monthly inflation remained at 0.99% in June, while annual inflation decreased by 0.5 percentage points compared to the previous month, standing at 32.1%.
FOOD AND FUEL PRICES SUPPORTED THE DECLINE
Delving into the details of the inflation figures, Şimşek highlighted the positive trend in essential consumption items. Stating that monthly food price increases remained at only 0.2% due to stabilization in fresh fruit and vegetable prices, Şimşek noted that fuel price reductions reflected at the pump also strongly supported the overall inflation outlook.
4 CRITICAL FACTORS FROM ŞIMŞEK TO LOWER INFLATION
Stating that the economic administration will continue its policies decisively to achieve the goal of lasting price stability, Şimşek said, "The disinflation will continue," listing four main reasons that will accelerate the decline in inflation in the coming period as follows:
- Expected normalization process in global and local commodity prices.
- Establishment and widespread adoption of rule-based pricing practices in markets.
- Downward trend observed in rental inflation.
- Moderate domestic demand outlook reducing pressure on prices.