Turkey Lifts Year-End Inflation Forecast to 28.4 Percent

Karar Gazetesi

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The increase in the year-end inflation forecast for 2026 from 16% to 28.4% in the new Medium-Term Program has brought DEVA Party leader Babacan's criticisms of economic policies back to the forefront. Babacan had stated that interest rate hikes alone would not be sufficient to combat inflation, and called for savings in the public sector, a transparent tendering system, and structural reforms.

RayHaber

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The Medium-Term Program, which will shape the Turkish economy for the next three years, is being announced. Vice President Cevdet Yılmaz announced that the year-end inflation forecast has been raised to 28.4 percent. 🚆

yenicaggazetesi.com

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The new Medium-Term Economic Program (OVP) has once again delivered a bitter pill for citizens. The 2026 inflation forecast climbed to 28.4%, a massive deviation of 12.4 percentage points, while civil servant salaries once again lagged behind inflation. With growth targets declining, experts emphasize that these targets will be hampered by the election atmosphere.