FX.co ★ Turkey’s Core Inflation Eases Slightly in February, Offering Tentative Relief Signal

Turkey’s core inflation, measured by the CPI excluding energy, food, beverages, tobacco and gold, edged down in February, providing a modest sign of easing price pressures in the broader economy.

The year-over-year indicator slipped to 29.5% in February 2026, compared with 29.8% in January 2026. Both figures reflect changes versus the same month a year earlier, indicating that the underlying inflation trend—stripped of the most volatile components—has softened only marginally.

The latest data, updated on 3 March 2026, will be closely watched by markets and policy makers for confirmation of whether this slight decline marks the beginning of a more sustained moderation in Turkey’s underlying inflation dynamics or simply a temporary pause after months of elevated price growth.