Turkish Central Bank raises inflation forecast for 2025

Year-end inflation rate projected at 24% this year, 12% next year, and 8% in 2027

By Tuba Ongun

ANKARA (AA) – Türkiye’s Central Bank on Friday raised its year-end inflation forecast for 2025 while keeping it unchanged for 2026.

Annual consumer inflation is expected to reach 24% this year, up 3 percentage points from the previous forecast, Governor Fatih Karahan told a meeting held to release the bank’s first inflation report of this year.

The forecast for 2026 was kept unchanged at 12%, Karahan said, adding: "We forecast inflation will ease to 8% by 2027,” with the long-term goal being to stabilize inflation at 5%.

According to recent data from TurkStat, Türkiye's annual inflation rate dropped to 19-month low of 42.12% in January with the disinflation process started last January.

Kaynak:

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