Türkiye's inflation cools to 32.1% in June

Türkiye's annual consumer inflation eased to 32.11% in June, below market expectations, as monthly price increases remained limited amid slower energy-linked pressure, official data showed on Friday.

The consumer price index (CPI) rose 0.99% on a monthly basis, while inflation climbed 17.76% from the end of last year, according to the Turkish Statistical Institute (TurkStat).

The annual figure slowed from 32.61% in May, signaling a renewed moderation in headline inflation.

Housing, water, electricity, gas and other fuels posted the highest annual increase among the three largest expenditure groups, rising 45.14% year-over-year, down from 45.59% in May. The group contributed 5.92 percentage points to annual inflation.

Food and non-alcoholic beverages rose 35.45% annually, contributing 8.61 percentage points to the headline figure, while transportation prices increased 31.15%, adding 5.19 percentage points.