FX.co ★ Turkey’s Core Inflation Momentum Cools Sharply in February

Turkey’s core consumer price index, excluding energy, food, beverages, tobacco and gold, slowed markedly in February, signaling a potential easing in underlying price pressures. Month-over-month, the indicator rose 1.5% in February 2026, down from a 4.6% increase in January 2026.

The figures, updated on 3 March 2026, show a significant deceleration in the pace of core inflation when comparing February to the previous month, versus the robust rise seen in January relative to December. Market participants will likely view this shift as an important gauge of whether Turkey’s recent inflationary momentum is starting to moderate beneath the more volatile headline components.