September Inflation and Dollar/TRY Expectation Survey Concluded
According to the results of the survey with the participation of 33 banks and brokerage firms, economists' median CPI forecast for September was 2.21 percent monthly and 30.21 percent annually.
The September 2026 inflation and dollar/TRY expectation survey, conducted by Matriks Haber with the participation of 33 banks and brokerage firms, has been concluded. Accordingly, economists' median CPI forecast for September was calculated as 2.21 percent on a monthly basis and 30.21 percent on an annual basis.
September Inflation Expectations
The median CPI forecast for September by economists participating in the Matriks Haber survey was 2.21 percent monthly, and the annual inflation expectation was at the level of 30.21 percent. Average expectations were calculated as 2.22 percent on a monthly basis and 30.21 percent on an annual basis.
While the monthly expectations of 18 banks and brokerage firms sharing forecasts for September CPI data ranged between 1.94 percent and 2.60 percent, annual forecasts took shape within the band of 29.86 percent and 30.70 percent.
August Inflation Data
In August, the CPI increased by 1.84 percent, remaining below the expectation of a 1.95 percent monthly increase. In the same period, annual inflation was announced to the public at the level of 31.51 percent.
C Index Expectations
The median forecast of 9 economists who provided projections for the C Index, which is a CPI indicator excluding energy, food, alcoholic beverages, tobacco products, and gold, was 2.20 percent on a monthly basis and 28.86 percent on an annual basis.
Year-End Inflation Forecasts
While the 2026 year-end CPI expectation of 27 economists in the Matriks Haber survey remained at the level of 29.50 percent, the expectation range formed within the band of 28.00 percent and 31.70 percent.
On the other hand, 13 economists' end-2027 inflation expectations rose from 22.90 percent to 23.50 percent, while the annual CPI median forecast for 12 months later was determined as 24.00 percent.
Dollar/TRY Expectations
Twenty-six analysts' dollar/TRY expectation for the end of 2026 recorded a limited increase from the previous survey period's level of 51.7250 to 51.8000.
Twelve analysts' end-2027 dollar/TRY expectation was calculated as 61.60, while the dollar/TRY median forecast for 12 months later was 58.8850.