FX.co ★ Turkey’s Monthly Inflation Cools Sharply in May, CPI Growth Slows to 1.71%

Turkey’s consumer price inflation eased markedly in May 2026, with the month‑over‑month Consumer Price Index (CPI) rising 1.71%, down sharply from April’s 4.18% increase. The fresh data, updated on 5 June 2026, signal a significant slowdown in the pace of price growth over the most recent month.

On a month‑over‑month basis, the May figure reflects how much prices changed compared with April, while the April reading captured the change against March. The sharp deceleration from April’s strong monthly rise suggests that some of the price pressures seen earlier in the spring have moderated, at least temporarily, as May progressed.

The latest CPI data will be closely watched by markets and policymakers as they assess whether this cooling in monthly inflation marks the start of a more sustained trend or a short‑term correction following April’s spike.