FX.co ★ Turkey Producer Inflation Hits 1-½ Year High

Turkey’s annual producer inflation rate climbed to 28.93% in May 2026, the highest level since November 2024, up from 28.59% in April. Price growth accelerated in mining and quarrying (42.74% vs 40.42% in April) and in manufacturing (30.72% vs 30.36%). In contrast, producer inflation eased in electricity, gas, steam and air conditioning (6.88% vs 7.19%) and in water supply (35.00% vs 38.26%).

By main industrial groupings, inflation quickened for intermediate goods (27.76% vs 26.49%) and durable consumer goods (31.39% vs 29.75%). Meanwhile, price growth slowed for non-durable consumer goods (31.05% vs 31.57%), energy (31.45% vs 33.15%), and capital goods (23.73% vs 24.70%).

On a monthly basis, producer prices rose 2.75% in May, following a 3.17% increase in April, which had been the sharpest monthly rise in a year.