FX.co ★ Turkey’s CPI Eases Slightly in January, but Inflation Remains Extremely Elevated

Turkey’s consumer price inflation inched down in January 2026 but remained at extraordinarily high levels on an annual basis, according to the latest official data.

Year-over-year CPI stood at 30.65% in January 2026, marginally lower than the 30.89% recorded in December 2025. The figures, updated on 03 February 2026, show that while price pressures have eased slightly, inflation is still running at more than 30% compared with the same month a year earlier.

The comparison is based on annual changes: the January 2026 reading reflects price growth versus January a year ago, while the December 2025 figure measures the change against December one year earlier. The modest deceleration suggests that although headline inflation may have passed a near-term peak, Turkey continues to face a significantly elevated inflation environment.