Turkey's annual inflation rate eased to 31.07% in November 2025 from 32.87% in the previous month, below market expectations of 31.6%. It marked the lowest reading since November 2021, as prices moderated for food and non-alcoholic beverages (27.44% vs 32.87% in October), housing (49.92% vs 50.96%), furnishings and household equipment (26.47% vs 28.9%), health (29.46% vs 32.06%), communications (17.78% vs 19.35%), and miscellaneous goods and services (29.94% vs 30.13%). In contrast, costs increased at a faster pace for transport (29.23% vs 27.33%), alcoholic beverages and tobacco (30.7% vs 27.56%), clothing and footwear (8.99% vs 7.98%), recreation and culture (25.87% vs 25.32%), education (66.17% vs 65.69%), and hotels, cafes and restaurants (33.91% vs 33.78%). On a monthly basis, consumer prices eased to 0.87% from 2.55% in October, missing market expectations of 1.25% and marking its lowest level since May 2023.