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Minister Şimşek evaluates year-end inflation figures: 'Disinflation has spread across the board'

Minister of Treasury and Finance Mehmet Şimşek argued that inflation fell to 30.9 percent as of the end of 2025, and that the slowdown in price increases is being felt throughout the economy.

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In Turkey, the Consumer Price Index (CPI) fell to 30.89 percent on an annual basis in December, reaching its lowest level in the last 49 months. Following the announcement of the inflation figures, Minister of Treasury and Finance Mehmet Şimşek made an assessment via his social media account.

Şimşek stated that inflation dropped to 30.9 percent, a decrease of 13.5 points compared to last year. The Minister argued that this situation is not limited to specific areas but is being observed across the entire economy.

Emphasizing the decline felt in goods groups and services, Şimşek said, “Annual inflation in core goods was 17.7 percent. Despite the contraction in agricultural production due to agricultural frost and drought, food inflation fell to 28.3 percent. Thanks to decreases in main service items, primarily rent and education, annual inflation in the services sector fell by 21.7 points to reach 44 percent.”

Şimşek's statement is as follows:

"2025 year-end inflation decreased by 13.5 points compared to the previous year, reaching 30.9 percent, and disinflation has spread across the board.

Annual inflation was 17.7 percent in core goods and 28.3 percent in food, despite the contraction in agricultural production due to agricultural frost and drought. With the decline in all main service groups, primarily rent and education, annual services inflation fell by 21.7 points to reach 44 percent.

In 2026, supportive global financial conditions and moderate commodity prices, tight monetary policy, strengthened fiscal discipline, managed/directed price increases consistent with inflation targets, improvement in expectations, and supply-side policies will contribute to disinflation.

We will continue to implement our program with determination until our ultimate goal of price stability is achieved."