Türkei Verbraucherpreise

The annual inflation rate in Turkey fell to 48.58% in October 2024, down from 49.38% in September but above market expectations of 48.20%. Still, this marked the fifth consecutive slowdown in consumer prices growth and the lowest level since July 2023, as inflation eased for most sub-indexes. Prices mainly moderated for housing, water, electricity, gas and other fuels (89.39% vs 97.87% in September), transport (26.14% vs 26.60%), and furnishing, household equipment, routine maintenance of the house (39.22% vs 40.29%). In contrast, inflation went up food and non-alcoholic beverages, reaching 45.28%, up from 43.72% in the previous month. Meanwhile, core inflation fell to 47.75%, the lowest since June 2023, down from 49.10% in September. On a monthly basis, the CPI rose 2.88%, easing from a 2.97% increase in the prior period.