October inflation: not so bad but, Houston, we have a (bigger) problem

TURKEY - Report 03 Nov 2026 by Murat Ucer

Consumer prices rose at a somewhat faster than expected pace of 2.6% m/m in October, with annual CPI inflation edging up slightly as a result, to 29.8% from 29.7% in September. Domestic PPI posted a 1.6% month-on month increase in October, as its 12-month rate remained broadly unchanged at 27.4%.

In terms of contributions to monthly headline CPI inflation (compared with October 2025), while the changes were rather small in general, the alcoholic beverages and tobacco, housing, and restaurants and hotels subcategories made lower contributions (than in the same month of last year), while these were offset by slightly larger contributions from transportation as well as clothing and footwear sub-categories.

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