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Turkey's Inflation Forecast Soars to 32%, Exceeding Targets

10/31/2025

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Summary

Story summary

The year-end inflation forecast rose to 32%, exceeding the Central Bank of Turkey's 24% target.
Turkey's October inflation is projected to reach 2.83% in a Reuters poll, driven by higher clothing and food prices.
In September, inflation rose to 33.29% due to higher food, housing, and education costs.
The Central Bank of Turkey recently cut its policy rate to 39.5% amid disinflation concerns and food price pressures.
A Central Bank survey showed household inflation expectations worsened, with the 12-month forecast rising to 54.39%.

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Story summary

The year-end inflation forecast rose to 32%, exceeding the Central Bank of Turkey's 24% target.
Turkey's October inflation is projected to reach 2.83% in a Reuters poll, driven by higher clothing and food prices.
In September, inflation rose to 33.29% due to higher food, housing, and education costs.
The Central Bank of Turkey recently cut its policy rate to 39.5% amid disinflation concerns and food price pressures.
A Central Bank survey showed household inflation expectations worsened, with the 12-month forecast rising to 54.39%.