Central Bank makes notable observation on TurkStat: Rent increases reflected in inflation with a delay

In Turkey, rent increases, which have not slowed down recently, are trending above general inflation indicators. The Central Bank of the Republic of Turkey (TCMB) has published a technical analysis indicating that rent inflation has come to the forefront throughout the year and is included in inflation data with a delay.

According to a report by Sözcü, the Consumer Price Index (CPI) increased by 30.89 percent in 2025. During the same period, the rent increase rate far exceeded this level, reaching 61.6 percent. The Central Bank pointed out that this rapid rise in rent prices has become a determining factor in many economic decisions, primarily salary raises.

In its technical assessment, the TCMB shared the following explanations regarding how rent prices are measured:

“Since TurkStat collects rent information for each residence in its sample every 4 months, it updates the rent of only 25 percent of the sample in a specific month and assumes that the rents of other residences remain constant. In this case, while the 4-month increase observed in the rents of the group whose rent is collected is reflected in the index, the contribution of other residences to the increase in the rent index is zero. In other words, the TurkStat rent index practically corresponds to the 4-month moving average of the rents paid.”

News Source: 12punto