{
  "id": 12191689,
  "title": "Turkish September inflation at 1.84%, below forecast",
  "url": "https://urgent.news/2026/10/05/turkish-september-inflation-at-1-84-below-forecast",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T16:15:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/734925/business/turkish-september-inflation-at-184-below-forecast"
  },
  "original_language": "en",
  "account": "In September, Turkey's consumer price inflation reached 1.84% month-on-month, falling short of market expectations. The annual inflation rate was reported at 29.73%, according to data released by the Turkish Statistical Institute on Monday. Anticipated monthly inflation was 2.3% in a Reuters poll, with annual consumer price inflation forecast at 30.3%. The September inflation was primarily driven by a 14.2% surge in education costs due to the commencement of the academic year, coupled with hikes in clothing, transportation, and housing prices. Conversely, food prices saw a slight decline.\n\nIn the preceding month of August, monthly consumer price inflation stood at 1.84%, while the annual rate was recorded at 31.51%. Turkey's central bank has maintained its interim inflation target for the year-end at 24% and has elevated its year-end inflation forecast to 28% in its latest inflation report, published in August.\n\nDespite the recent inflation data, Turkey's central bank chose to keep its key interest rate at 37% during the latest meeting, as previously announced. This decision marked the fifth consecutive meeting where the central bank maintained the rate, signaling that a monetary easing cycle may start later this year. Earlier, JP Morgan had projected that the September data would indicate a decelerating underlying trend of inflation, potentially paving the way for a rate cut during the October Monetary Policy Committee (MPC) meeting. The domestic producer index, meanwhile, expanded by 2.07% month-on-month in September, with an annual rise of 27.38%.",
  "summary": "Turkish consumer price inflation was 1.84% month-on-month in September, below expectations, while the annual figure was 29.73%, data from the Turkish Statistical Institute showed on Monday.In a Reuter...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Gulf Times Business",
        "title": "Turkiye's annual inflation drops in September",
        "url": "https://urgent.news/2026/10/05/turkiyes-annual-inflation-drops-in-september",
        "published": "2026-10-05T11:30:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}