Turkey boosts anti-inflation drive as price growth dips

• Inflation at 49-month low
• Annual measure 30.89%
• Government tackling supply side

Price growth in Turkey fell to its lowest in 49 months in December as the government pledged to bolster disinflation measures.

Annual inflation dropped to 30.89 percent last month, from 31.07 percent in November, according to the Turkish Statistical Institute (TurkStat).

Prices for food and non-alcoholic beverages, transportation and housing increased by 28.31 percent, 28.44 percent and 49.45 percent year on year, respectively.

Twelve-month average inflation reached 34.88 percent in 2025, down from 58.51 percent in 2024.

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The government will strengthen its fight against inflation through supply-side policies across social housing, food, logistics and renewable energy, the state-run Anadolu news agency reported. It cited a post by Cevdet Yilmaz, the vice president, on the social media platform NSosyal.

He said disinflation had strengthened due to decisive, coordinated steps to combat inflation and increased confidence in the government’s economic programme.

Finance minister Mehmet Şimşek said disinflation had spread across the economy.

“We will continue to implement our programme with determination until our ultimate goal of price stability is achieved,” Şimşek said in a post on NSosyal.