03.10.2025 12:10
The Minister of Treasury and Finance, Mehmet Şimşek, made a statement regarding the inflation data, which showed a 3.23% increase in September. Commenting on the inflation figures that exceeded expectations, Minister Şimşek said, "Food inflation, driven by agricultural frost and drought, was 3 points above the long-term average for mid-September and contributed 1.1 points to the monthly inflation."
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The Turkish Statistical Institute announced the inflation data for September, which closely concerns millions of citizens. Accordingly, inflation increased by 3.23% in September, while the annual rate reached 33.29%.
STRIKING STATEMENTS FROM MINISTER ŞIMŞEK
Following the announcement of the inflation data for September, Treasury and Finance Minister Mehmet Şimşek also made a statement. Commenting on the inflation data that exceeded expectations from his X account, Minister Şimşek cited agricultural frost and drought-related food inflation as the reasons.
"IT OCCURRED 3 POINTS ABOVE THE AVERAGE OF SEPTEMBER"
Minister Şimşek stated, "Food prices were decisive in the high monthly inflation in September. Food inflation due to agricultural frost and drought occurred 3 points above the long-term average for September and contributed 1.1 points to monthly inflation."
"WE WILL ENSURE THE CONTINUATION OF DEFLATION"
In September, when schools started, the education group and other related items contributed approximately 0.7 points to monthly inflation. The main trend of inflation indicates that deflation will continue. We will ensure the continuation of deflation, which is our program priority, with the reduction of seasonal effects and the supply-side policies we implement."
INFLATION DATA THAT MARKETS HAVE BEEN CURIOUSLY AWAITING HAS BEEN ANNOUNCED
The Turkish Statistical Institute (TÜİK) announced the inflation data for September. In September, there was a 3.23% increase compared to the previous month, a 25.43% increase compared to the previous December, a 33.29% increase compared to the same month of the previous year, and a 38.36% increase according to twelve-month averages.
THE CPI INCREASED BY 36.06% ANNUALLY IN FOOD AND NON-ALCOHOLIC BEVERAGES
The annual changes in the three main expenditure groups with the highest weight were as follows: a 36.06% increase in food and non-alcoholic beverages, a 25.30% increase in transportation, and a 51.36% increase in housing. The effects of the relevant main groups on the annual change were 8.60% for food and non-alcoholic beverages, 4.15% for transportation, and 7.85% for housing.
THE CPI INCREASED BY 4.62% MONTHLY IN FOOD AND NON-ALCOHOLIC BEVERAGES
The monthly changes in the three main expenditure groups with the highest weight were as follows: a 4.62% increase in food and non-alcoholic beverages, a 2.81% increase in transportation, and a 2.56% increase in housing. The effects of the relevant main groups on the monthly change were 1.11% for food and non-alcoholic beverages, 0.44% for transportation, and 0.44% for housing.
AN INCREASE OCCURRED IN THE INDEX OF 113 MAIN HEADINGS
As of September 2025, among the 143 main headings covered by the index (Classification of Individual Consumption by Purpose - COICOP 5-digit Level), a decrease occurred in the index of 25 main headings, while there was no change in the index of 5 main headings. An increase occurred in the index of 113 main headings.
Excluding unprocessed food products, energy, alcoholic beverages, tobacco, and gold, the change in the CPI in September 2025 was a 3.34% increase compared to the previous month, a 25.94% increase compared to the previous December, a 32.86% increase compared to the same month of the previous year, and a 37.85% increase according to twelve-month averages.
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