Türkiye Inflation Eases to 32.1% as Lira Falls 9.1% Against Dollar

1 articles · Updated · Türkiye Today · Jul 12

32.1% annual inflation in June still far outpaced the lira’s 9.1% drop against the dollar and 6.7% decline versus the euro, leaving Türkiye less cheap for foreign visitors in real terms.
7.7% real effective exchange-rate appreciation helps explain why Türkiye, though still Europe’s third-cheapest country overall on Eurostat’s 2025 measure, is gradually losing some of its bargain appeal.
₺48.4 billion in spending on foreign-issued payment cards in May rose 18% from a year earlier, while five-month spending reached ₺174.5 billion, up 8.8%, showing tourism demand remains resilient.
₺34,888 was the June hunger threshold for a family of four, while the poverty threshold hit ₺113,587 and the minimum wage stood at ₺28,075.50, underscoring the squeeze on residents as prices keep rising.