CBRT raised the end-2026 inflation forecast to 29.5 percent

Central Bank of the Republic of Turkey (CBRT) Governor Fatih Karahan announced the fourth and final Inflation Report of the year to the public and reported that the inflation forecast for the end of 2026 has been raised to 29.5 percent.

According to the report announced by CBRT Governor Fatih Karahan, the end-2026 inflation forecast was revised upwards to 29.5 percent. In the previous inflation report, the forecast rate projected for the end of 2026 was at the level of 28 percent.

The announced report also included projections for future years. Accordingly, inflation is expected to decline to 21 percent by the end of 2027 in line with interim targets, to 13.5 percent by the end of 2028, and to 9 percent by the end of 2029. It is projected that inflation will stabilize at the 5 percent target level in the medium term following this gradual decline. In the previous report, the end-2027 forecast was announced as 15 percent and the 2028 forecast as 9 percent.