Turkey's annual inflation slowed in December to 30.9%, a fourth month of declines in a row and well below the 44.4% posted a year earlier, official figures showed today.
The 12-month annual average for 2025 as a whole stood at 34.9%, down from 58.5% in 2024, Turkey's TUIK statistics agency said.
The figure was in line with expectations of Turkey's central bank, which had forecast year-end inflation of around 31-33%.
In May 2024, inflation stood at 75% before starting to fall, with the figure now at its lowest level since November 2021.
Turkey has experienced double-digit inflation since 2019, making life increasingly more expensive for millions of people, after President Recep Tayyip Erdogan ordered interest rate cuts in a bid to spur growth.
Over the past year, consumer prices rose notably in education with an increase of 66%, housing (49.5%), food (28.3%) and healthcare costs (30.1%), TUIK figures showed.
The official figures are disputed by ENAG, a group of independent economists that publishes its own data every month, with the organisation saying year-on-year inflation stood at 56.14% in December.
They said that month-on-month, prices had risen by 2.11% in December from November.
Last month, Turkey's central bank cut its benchmark interest rate to 38% from 39.5% as annual inflation slows.
But it warned that despite showing signs of improvement, inflation expectations and pricing behaviour "continue to pose risks to the disinflation process".
