FX.co ★ Turkey’s Monthly Inflation Cools Sharply in February, Easing to 2.96% MoM

Turkey’s consumer price inflation slowed markedly in February 2026, with the month‑over‑month Consumer Price Index (CPI) rising 2.96%, down from a 4.84% increase recorded in January 2026. The latest data, updated on 3 March 2026, signal a notable deceleration in price pressures on a short-term basis.

The month‑over‑month comparison shows that while prices are still climbing, the pace of increase has moderated compared with the previous month. In January, CPI growth of 4.84% reflected a significantly stronger jump compared with December, whereas February’s 2.96% rise indicates some easing in momentum.

Given that the “Actual” figure reflects price changes in February versus January, and the “Previous” figure captures January’s change versus December, the latest reading suggests that inflationary pressures, while still present, may be stabilizing at a slower month‑to‑month rate. Market participants and policymakers will be watching subsequent data closely to see whether this moderation in February marks the beginning of a more sustained cooling trend.