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Turkey's May Inflation Rises to 32.6%, Up From 32.4% in April, Amid U.S.-Iran War Energy Impact

2026-06-05 07:09:37

According to official data cited by Jin10 on June 5, Turkey's May inflation rate rose to 32.6% from 32.4% in April, marking the second consecutive month of acceleration. The increase stems from ongoing energy shocks triggered by the U.S.-Iran conflict, which has pressured domestic prices as Turkey relies heavily on oil and gas imports. Central Bank Governor Fatih Karahan stated that the bank is monitoring secondary effects of the conflict, noting that Turkey's inflation outlook is tied to the duration of the war.

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