Türkiye’s inflation rises again

reportedKarahan, the head of the Central Bank of Turkey – said in a meeting aimed at publishing the fourth and last inflation report of the bank in 2024: it is expected that the annual consumer inflation this year reach 44%, which is 38% more than the previous forecast.

Inflation forecast at the end of 2025 increased to 21%, which is seven percent more than the previous report.

Karahan stating that we expect inflation to decrease to 12% in 2026, he said: Inflation is targeted to reach 5% in the medium term.

It is worth noting that the previous forecast for 2026 was 9%.

Turkey’s annual consumer inflation rate, which fell for the fifth consecutive month, hit a 15-month low in October,

Business reported, according to the latest Turkish Stat data. In the past, it decreased by 48.58%.