People shop at a local market in Ankara, Türkiye, Dec. 3, 2025. Türkiye's annual inflation was recorded at 31.65 percent in November, down from 32.87 percent in October, data from the Turkish Statistical Institute showed on Wednesday, marking a further easing in underlying price pressures. The data also showed that monthly producer prices rose 0.84 percent, while annual producer inflation stood at 27.23 percent. (Mustafa Kaya/Handout via Xinhua)
ANKARA, Dec. 3 (Xinhua) -- Türkiye's annual inflation was recorded at 31.65 percent in November, down from 32.87 percent in October, data from the Turkish Statistical Institute showed on Wednesday, marking a further easing in underlying price pressures.
The data also showed that monthly producer prices rose 0.84 percent, while annual producer inflation stood at 27.23 percent.
Among the three main expenditure groups with the highest weight in the consumer basket, food and non-alcoholic beverages increased 27.44 percent year-on-year, while transportation prices rose 29.23 percent. The largest jump was in the housing category, where annual inflation reached 49.92 percent, according to the data.
Türkiye has wrestled with high inflation since a 2018 currency crisis, and elevated price pressures have eroded the purchasing power of households and businesses.
The country's central bank has been gradually cutting its benchmark one-week repo rate since mid-2025.
In mid-2023, the central bank reversed its low-rate stance. The bank sharply raised its benchmark interest rate from 8.5 percent in June 2023 to 50 percent by March 2024. As inflation began to ease, the bank started cutting rates in December 2024. Following a 100-basis-point reduction on Oct. 23, the policy rate sits at 39.5 percent. ■
People shop at a local market in Ankara, Türkiye, Dec. 3, 2025. Türkiye's annual inflation was recorded at 31.65 percent in November, down from 32.87 percent in October, data from the Turkish Statistical Institute showed on Wednesday, marking a further easing in underlying price pressures.
The data also showed that monthly producer prices rose 0.84 percent, while annual producer inflation stood at 27.23 percent. (Mustafa Kaya/Handout via Xinhua)