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flag Turkey's inflation hit 31.53% in February 2026, the highest in four months, driven by food and housing costs, prompting a rate hike to 40%.

flag Turkey's annual inflation rose to 31.53% in February 2026, up from 30.65% in January, marking the highest level in four months, according to official data. flag Monthly consumer prices increased 2.96%, a slowdown from January’s 4.84% rise. flag Food and non-alcoholic beverages led the increase with a 36.44% annual rise, followed by housing at 42.33% and transportation at 28.86%. flag Core inflation stood at 29.46%. flag The central bank raised its overnight rate by 300 basis points to about 40% amid geopolitical tensions and rising oil prices, while revising its 2026 inflation forecast upward.

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