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03.08.202607:00:00UTC+00Turkey’s Core Inflation Inches Up to 29.9% in July YoY

Turkey’s core consumer inflation—measured as CPI excluding energy, food, beverages, tobacco and gold—edged higher to 29.9% year-on-year in July 2026, slightly above the 29.8% recorded in June 2026.

The data, updated on 3 August 2026, show that underlying price pressures remain elevated and broadly stable on an annual basis. The year-over-year comparison reflects how prices in July 2026 moved relative to July 2025, while the previous reading measured the change in June 2026 relative to June 2025.

The marginal uptick suggests that, despite any headline volatility driven by more volatile components, core inflation has not yet shown a clear downward trajectory, keeping focus on Turkey’s underlying inflation dynamics and potential implications for monetary policy.

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