TURKSTAT Announced October Inflation Data:
Annual Inflation 29.77 Percent
The Turkish Statistical Institute (TURKSTAT) has announced the Consumer Price Index (CPI) data for October 2026. Accordingly, consumer prices increased by 2.58 percent in October compared to the previous month, while annual inflation stood at 29.77 percent.
According to TURKSTAT data, the CPI increased by 27.52 percent in the first 10 months of 2026. Based on 12-month averages, the price increase was recorded at 31.23 percent.
October inflation data served as an important indicator regarding the course of price movements as the last two months of the year are entered. Inflation rates are closely monitored not only for household expenditures but also in terms of production costs, operational expenses, and investment decisions in the industrial sector.
Karadeniz: "Price Stability and Production Power Must Be Supported Together"
Evaluating the October inflation data, Ömer Karadeniz, Chairman of the Board of the Federation of Plastic Manufacturers (PLASFED), pointed out that price stability is of critical importance for preserving the competitive power of industry. Karadeniz included the following statements in his evaluation:
"The realization of monthly inflation at 2.58 percent and annual inflation at 29.77 percent in October presents a picture that needs to be carefully evaluated in terms of our industrialists' cost management.
Ensuring price stability during a period when production costs remain high is of great importance for our industry to maintain its competitive power and for investment decisions to be made healthily. We believe that during the fight against inflation, predictability must be increased, conditions for access to finance must be improved, and policies supporting production must be sustained.
For the sustainable growth of our industry, it is of great importance to support price stability and production power together."
Annual increase stood out in housing and transportation
According to TURKSTAT data, annual price increases drew attention in the three main expenditure groups with the highest weight. In October, annual inflation was 27.73 percent in food and non-alcoholic beverages, 36.39 percent in transportation, and 40.24 percent in housing, water, electricity, gas, and other fuels.
The contribution of these expenditure groups to annual inflation was 6.81 percentage points in food and non-alcoholic beverages, 6.10 percentage points in transportation, and 4.71 percentage points in housing.
Food prices increased by 3.50 percent in one month
In October, the food and non-alcoholic beverages group stood out in monthly price increases. Prices in this group rose by 3.50 percent compared to the previous month.
In the same period, an increase of 2.02 percent was recorded in the transportation group, and 2.84 percent in the housing, water, electricity, gas, and other fuels group.
The highest contribution to monthly inflation came from food and non-alcoholic beverages with 0.84 percentage points. The contribution of transportation was calculated as 0.36 percentage points, and the contribution of the housing group as 0.34 percentage points.
Prices rose in 134 out of 174 expenditure groups
According to the data announced by TURKSTAT, price increases were experienced in the majority of the 174 sub-expenditure classes tracked within the scope of the index.
While an increase was observed in the index of 134 sub-classes in October, a decrease was recorded in 29 sub-classes. There was no change in the index of the remaining 11 sub-classes.
This content has been translated using artificial intelligence technology.