Turkey: housing and energy prices up 39.99% as inflation slows to 29.73%

In Turkey the price group covering rent, water, electricity and gas rose 39.99% in the year to September, while headline inflation slowed to 29.73%.

The facts

• Annual consumer inflation was 29.73% in September, down from 31.51% in August and the first reading below 30% since November 2021.
• Housing, water, electricity, gas and other fuels rose +39.99% over the year and 2.71% in the month.
• That group added 4.84 percentage points to the annual rate, transport 5.96 and food 6.73.
• Consumer prices rose 1.84% on the month, the same pace as August.

What it means for your money

• The rent-and-energy group rose 39.99% against a 29.73% headline. Entry costs more in lira, but so does the rent it earns.
• Glopra's Turkey data puts the effective tax on rental income at 18.39%. The letting exemption is a fixed lira sum that disappears above 1.5 million lira of gross rent a year.
• For an existing owner the move lands on the current holding, while a headline rate under 30% is the first in nearly five years.

What to watch

• This is a price index, not a measured rent. The group mixes rent with regulated water, electricity and gas tariffs.

Sources: Turkish Statistical Institute via Anadolu Agency, 5 October 2026 https://www.aa.com.tr/en/economy/turkiye-s-annual-inflation-slows-to-2973-in-september-falling-below-30-for-1st-time-in-5-years/4078056; Turkish Statistical Institute via Hurriyet Daily News, 5 October 2026 https://www.hurriyetdailynews.com/annual-inflation-eases-below-30-pct-in-september-227724; Central Bank of the Republic of Turkiye, Consumer Prices statistics table https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Statistics/Inflation+Data

Market data: Istanbul · Antalya (province) · Turkey · Izmir (province)