Inflation Statement from Minister Şimşek: Annual Inflation Reduced Below 30 Percent

Minister of Treasury and Finance Mehmet Şimşek made statements about inflation rates on his social media account and stated that disinflation has spread throughout the world except transportation.

HOW MUCH WAS THE INFLATION IN SEPTEMBER?

The change in CPI (2025=100) was 1.84% increase in September 2026 compared to the previous month, 24.32% increase compared to December of the previous year, 29.73% increase compared to the same month of the previous year and 31.49% increase compared to twelve-month averages.

MINISTER ŞİMŞEK: FOOD INFLATION HAS DECREASED

Minister Şimşek commented on the inflation rates with the following words:

Annual inflation fell below 30 percent after 57 months (November 2021).

Disinflation is spreading across the board, except for transportation.

In September, food inflation decreased by 8.4 points compared to the same period last year and reached 27.6 percent annually.

With the contribution of our rule-based regulations, education inflation decreased by 17.5 points annually, reaching 48.6 percent.

Annual rent inflation, which decreased by 27.8 points compared to the same month last year, dropped to 41.3 percent. Leading indicators indicate that the decline in rent inflation will continue.

In order to limit the impact of the recently rising oil prices on inflation, we are gradually exiting the Ecel mobile application for gasoline, after diesel. Our Central Bank calculates that if there was no war, inflation would be 7 points lower this year.

We continue our policies to increase housing and food supply. In 2027, the decrease in inertia in services inflation, especially rent and education, and the weakening of the effects of commodity price increases will contribute to the decline in inflation.