# Turkey economic data shows mixed trade and inflation trends > Live situation record from CLSTR: https://clstr.news/situations/turkey-inflation-and-investment-slowdown > Updated: 2026-09-14T13:18:46.000Z. Sources: 156. Developments: 22. Turkey’s economic landscape remains characterized by high inflation and mixed sectoral performance. While consumer-price inflation was 31.75% in July 2026, financial sector representatives have raised year-end inflation forecasts to 30.47%. Industrial and trade data show divergent trends. Although the seasonally adjusted industrial production index decreased by 1.4% year-over-year in June, Treasury and Finance Minister Mehmet Şimşek noted that industrial production grew by 1.9% in the second quarter of 2026, supported by high-technology sectors. However, manufacturing capacity utilization fell to 73.5% in August. Recent data highlights growing pressure on consumers. Turkey recorded its first monthly decline in retail sales since July 2025, with a 1.7% drop. Food prices have risen for 75 consecutive months; the August food price index rose 0.5% monthly and 56.7% annually. By September 2026, rising meat prices have turned red meat into a luxury, with prices exceeding 1,000 lira per kilogram. Economic data from TÜRK-İŞ indicates the hunger limit has reached 37,388 TL and the poverty limit has climbed to 121,786 TL. The construction sector shows signs of contraction, with the sector shrinking by 1.9% in the second quarter of 2026—its first negative growth since late 2022. Within construction materials, production in 11 of 20 sub-sectors increased in June 2026, though ceramic sanitary ware and faucet/valve production saw significant declines. The cement sector faces energy input costs, particularly coal, reaching 40%. Contrasting these pressures, Trade Minister Ömer Bolat reported long-term GDP growth, noting national income is projected to reach $1.8 trillion by year-end. He also highlighted that the unemployment rate remained at 8.1% in July and announced increased credit limits for small businesses and tradespeople to support operations. ## Claims - Turkey's Consumer Price Index rose 1.78 % month‑on‑month in July 2026. (corroborated by 8 sources) - The 12‑month average CPI used for rent calculations was 31.90 % in July 2026. (corroborated by 8 sources) - Turkey's annual inflation rate was 31.75 % in July 2026. (corroborated by 6 sources) - The legal ceiling for August 2026 rent increases was set at 31.90 % of the previous rent. (corroborated by 5 sources) - Monthly food inflation in Turkey for 1‑25 July 2026 was 0.93%. (corroborated by 4 sources) - Annual food inflation in Turkey for 2026 was 32.8%. (corroborated by 4 sources) - Watermelon, fresh beans and cucumber recorded the largest price declines in July 2026. (corroborated by 4 sources) ## Timeline ### 2026-09-14: Turkey economy reaches $1.7 trillion national income as export targets rise Turkish Trade Minister Ömer Bolat announced a $410 billion export target and noted Turkey's rise to the 16th largest global economy, with national income reaching $1.7 trillion. 14 sources. https://clstr.news/cluster/turkey-reports-significant-gdp-growth-and-increased-credit-limits-for-businesses ### 2026-09-09: Turkey construction materials industry sees mixed production and rising energy costs Turkey's construction materials sector faces rising energy costs in cement and mixed production trends, despite a 28.2% increase in total construction expenditures. 2 sources. https://clstr.news/cluster/turkey-construction-materials-industry-sees-mixed-production-and-rising-energy-costs ### 2026-09-08: Turkey economic data shows rising construction costs and gold investment gains TÜİK data shows Turkey's construction costs rose 28.33% annually in July 2026. In August, gold bullion led investment returns with a 7.93% real monthly gain when adjusted for CPI. 14 sources. https://clstr.news/cluster/gold-bullion-leads-real-investment-returns-in-august ### 2026-09-01: Turkey meat prices surge as consumers turn to bones and offal High inflation and rising meat prices in Turkey have forced many consumers, particularly retirees, to rely on bones and offal as affordable protein sources as red meat costs exceed 1,000 lira per kilo. 2 sources. https://clstr.news/cluster/turkey-meat-prices-surge-as-consumers-turn-to-bones-and-offal ### 2026-08-27: Turkey food prices and winter preparations Turkish citizens face rising food costs and economic pressure as they begin winter food preparations in Osmaniye and report high market prices in Izmir, Artvin, and Konya. 8 sources. https://clstr.news/cluster/turkey-market-prices-spark-concerns-over-cost-of-living ### 2026-08-27: Turkey economic data shows service sector leads in employment and enterprise numbers TÜİK reports that Turkey's 2025 active enterprises exceeded 4 million, with the service sector leading in employment. Economic confidence rose to 100.6 in August 2026 amid varying sectoral price pressures. 26 sources. https://clstr.news/cluster/turkish-service-sector-leads-in-enterprises-and-employment ### 2026-08-26: Turkey food prices rise for 75 consecutive months Turkey's food prices have risen for 75 consecutive months, with annual increases reaching 56.7% in some indices, significantly eroding the real purchasing power of workers. 6 sources. https://clstr.news/cluster/turkey-food-prices-rise-for-75-consecutive-months ### 2026-08-22: Turkey economic indicators show rising consumer confidence amid industrial challenges Turkey reports rising consumer confidence to 90.8, but faces challenges in manufacturing capacity and automotive production due to rising costs and global supply allocation limits. 10 sources. https://clstr.news/cluster/turkey-manufacturing-capacity-utilization-falls-to-735 ### 2026-08-22: Turkey labor market shifts as service sector grows and industry declines Turkish labor data shows a shift toward services, which grew by 240,000 jobs, while the industrial sector lost 121,000 employees in the second quarter. 6 sources. https://clstr.news/cluster/turkey-labor-market-shifts-as-service-sector-grows-and-industry-declines ### 2026-08-19: Turkey employment index rises 1.7% in Q2 2026 Turkey's employment index rose 1.7% in Q2 2026, led by construction, while the ready concrete sector faces contractionary pressures due to high financing costs. 10 sources. https://clstr.news/cluster/turkey-ready-mix-concrete-index-signals-construction-sector-slowdown ### 2026-08-19: Turkey economic indicators show mixed trends in housing and business Turkey's mid-2026 economic data shows a 7.4% rise in new companies year-to-date, rising consumer confidence, and a 5.1% real decline in housing prices despite nominal increases. 23 sources. https://clstr.news/cluster/uk-house-prices-see-first-monthly-decline-of-2026 ### 2026-08-17: Retail sector faces new challenges as consumer spending shifts due to inflation Rising inflation is driving consumers to be more selective, with retail sales declining in both the US and Turkey as shoppers prioritize value and convenience over low prices alone. 2 sources. https://clstr.news/cluster/retail-sector-faces-new-challenges-as-consumer-spending-shifts-due-to-inflation ### 2026-08-12: Turkey and US release mixed economic data on housing, production, and inflation Turkey reports a 17% drop in July housing sales despite rising livestock production, while US inflation data shows steady producer prices and slowing core consumer inflation. 26 sources. https://clstr.news/cluster/turkey-cow-milk-production-rises-65-percent-in-june ### 2026-08-10: Turkey economic data shows mixed results in trade and industry Turkey's June 2026 economic data shows a 4.5% annual drop in trade sales volume despite an 11.8% rise in retail. Industrial production fell 1.4% annually, while free zone exports hit a record $7.7 billion. 24 sources. https://clstr.news/cluster/turkey-industrial-production-grows-19-in-q2 ### 2026-08-07: Global inflation trends show mixed results for July 2026 July 2026 economic reports show cooling inflation in Greece and China, though AI-driven demand is boosting consumer electronics prices in China, and geopolitical shifts impact Turkey's outlook. 15 sources. https://clstr.news/cluster/turkey-and-greece-see-july-inflation-slowdown-prompting-policy-moves ### 2026-08-02: Turkey's food inflation surges above 35% as overall prices ease Turkey's food inflation tops 35% in June, outpacing a modest drop in overall inflation to 32.1% that still far exceeds the OECD average. 6 sources. https://clstr.news/cluster/turkeys-food-inflation-surges-above-35-as-overall-prices-ease ### 2026-08-01: Turkey's July 2026 inflation at 31.8% as rent cap set at 31.9% July 2026 CPI rose 31.75 % YoY (1.78 % MoM); Yİ‑ÜFE up 27.83 % YoY (1.52 % MoM); August rent ceiling set at 31.90 %; minimum wage lost >5,500 TL; Şimşek says disinflation continues; 5 % civil‑servant raise for 66 sources. https://clstr.news/cluster/turkeys-july-inflation-data-set-for-aug-3-release ### 2026-07-27: Turkey's food inflation spikes to 32.8% in July 2026 TEPAV says July 2026 food inflation in Turkey hit 0.93% monthly and 32.8% annually, with fruit/veg price drops and rises in peppers, bakery goods and drinks; Northern Cyprus saw 1.01% monthly inflation. 8 sources. https://clstr.news/cluster/turkey-sets-august-2026-rental-increase-rate-based-on-july-inflation-data ### 2026-07-27: Turkey's shopping centre visitor index drops as revenue growth lags inflation June 2026 Turkey shopping centre visitor index fell 3.15% YoY, real revenue dropped 8.5% against 32% inflation; July confidence index shows services up, retail down. 6 sources. https://clstr.news/cluster/turkeys-shopping-centre-visitor-index-drops-as-revenue-growth-lags-inflation ### 2026-07-26: Turkey's inflation stays double‑digit as industrial output stalls Turkey's inflation remains in high double‑digits despite a slight decline, while May 2026 industrial output barely grew and fell 2.9% month‑on‑month, led by drops in capital and mid‑tech goods. 5 sources. https://clstr.news/cluster/turkeys-inflation-stays-doubledigit-as-industrial-output-stalls ### 2026-07-21: Turkey sees falling inflation expectations as investment appetite weakens Turkey's finance minister reports falling inflation expectations, while business leaders note weakening investment appetite, SME financing strains, and calls for lower interest rates. 3 sources. https://clstr.news/cluster/turkeys-economy-faces-falling-investment-appetite-and-rising-public-discontent ### 2026-07-06: Turkey inflation eases slightly in June as energy prices fall Turkey's June inflation report shows a modest dip in overall consumer prices, led by a 0.91 % fall in energy costs and slower service price growth. 2 sources. https://clstr.news/cluster/turkey-inflation-eases-slightly-in-june-as-energy-prices-fall --- Cite as: Turkey economic data shows mixed trade and inflation trends. CLSTR, https://clstr.news/situations/turkey-inflation-and-investment-slowdown