Turkey’s annual inflation rate eased to 31.51% in August 2026 from 31.75% in July, coming in below the expected 31.62% and reaching its lowest level since March. Price growth moderated across food and non-alcoholic beverages, housing and utilities, clothing and footwear, health, restaurants and accommodation services, and insurance and financial services. Inflation accelerated in transport, alcoholic beverages and tobacco, and recreation, sports and culture. Monthly CPI (consumer price index) rose 1.84%, up from July’s 1.78% increase but below the 1.93% forecast, marking the strongest monthly gain since May.