# Turkish inflation rises to 29.8% as lira touches 50 to the dollar

> Turkey’s annual inflation rose to 29.77% in October, its first increase in six months, with monthly consumer prices up 2.58% and food prices up 3.5%. The lira touched 50 per dollar, and the higher-than-expected inflation reading made the central bank’s year-end target harder to achieve and a further rate cut less likely.

- Date: 2026-11-06 · published 2026-11-06T09:13:19.747Z
- Category: macro · region Turkey · magnitude low
- Page: https://feedsoft.ai/events/83733-turkish-inflation-rises-to-29-8-as-lira-touches-50-to-the-dollar
- Commodities: [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md)

## Why it matters

Lira weakness raises the local cost of imported energy and intermediate goods, while persistent food inflation may constrain domestic purchasing power. The report does not identify a specific feed-commodity supply change or price move.

## Sources

- londondaily.news: https://www.londondaily.news/turkish-inflation-rises-to-29-8-as-lira-touches-50-to-the-dollar/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.