2026.05.0407:00:00UTC+00Turkey’s Core Inflation Surges in April, More Than Doubling Month-on-Month

Turkey’s core consumer price index excluding energy, food, beverages, tobacco and gold (CPI Ex E,F,B,T&G) accelerated sharply in April 2026, rising 3.5% month-on-month, according to data updated on 4 May 2026. This marks a significant pickup from March 2026, when the core index had increased by 1.6% on a month-on-month basis.

The April reading means the pace of underlying price growth—inflation stripped of some of its most volatile components—more than doubled in just one month. On a month-over-month comparison, the “actual” figure of 3.5% for April reflects a much steeper increase in core prices than the “previous” 1.6% recorded in March, which itself was measured against February’s level.

The strong month-on-month jump in Turkey’s core CPI underscores mounting price pressures in the underlying economy and will likely focus attention on the inflation outlook and potential policy responses in the coming months.