TurkStatAugust 2026Sep 03 10:00
Inflation (CPI)
The change in consumer prices over the past year. TurkStat publishes it on the 3rd of each month; this page shows annual and monthly CPI, the forecast, the previous value and the real rate against the policy rate.
- Monthly CPI
- 1.84%
- Previous month (annual)
- 31.75%
Next release: October 5 10:00 (7 days)
Annual inflation was 31.49% in August 2026, compared with 31.75% a month earlier.
Monthly CPI came in at 1.84%.
At 37.00%, the CBRT policy rate is 5.51 pp above annual inflation.
September 2026 data is due on October 5 at 10:00 Istanbul time.
Annual CPI and the policy rate
- Annual CPI
- Policy rate
CPI releases
| Period | Actual | Monthly | Previous |
|---|---|---|---|
| September 2026 | — | — | 31.49% |
| August 2026 | 31.49% | 1.84% | 31.75% |
| July 2026 | 31.75% | 1.78% | 32.11% |
| June 2026 | 32.11% | 0.99% | 32.61% |
| May 2026 | 32.61% | 1.71% | 32.38% |
| April 2026 | 32.38% | 4.18% | 30.88% |
| March 2026 | 30.88% | 1.94% | 31.54% |
| February 2026 | 31.54% | 2.96% | 30.66% |
| January 2026 | 30.66% | 4.84% | 30.90% |
| December 2025 | 30.90% | 0.89% | 31.08% |
| November 2025 | 31.08% | 0.87% | 32.86% |
| October 2025 | 32.86% | 2.55% | 33.29% |
| September 2025 | 33.29% | 3.23% | 32.95% |
Related indicators
Real return
- Annual CPI
- 31.49%
- Policy rate
- 37.00%
About the CPI data
Monthly changes in the Consumer Price Index (CPI) published by TurkStat at the start of each month and the 12-month (annual) inflation computed by compounding the monthly rates. The annual rate multiplies the last 12 monthly rates; data updates after each TurkStat release.
Frequently asked questions
When will September 2026 inflation be released?
TurkStat will publish the September 2026 CPI on October 05, 2026 at 10:00 Istanbul time (UTC+3). TurkStat releases inflation data on the 3rd of each month, or on the next business day when the 3rd falls on a weekend.
What is the latest inflation rate?
Annual CPI for August 2026 came in at 31.49% and monthly CPI at 1.84%.
How is annual inflation calculated?
Annual inflation compounds the last 12 monthly rates rather than adding them: (1 + m1) × (1 + m2) × … × (1 + m12) − 1. For example, 3% every month is not 36% a year but roughly 42.6%.
What is CPI?
The Consumer Price Index measures the price level of a fixed basket of goods and services consumed by households. Basket weights come from household budget surveys, so food, transport, housing and clothing carry different weights.
How does inflation affect investment returns?
Real return is the nominal return adjusted for inflation: (1 + nominal) / (1 + inflation) − 1. When deposit, fund or stock returns fall short of inflation, purchasing power shrinks, so returns should always be judged against inflation.