Turkey lifts year-end inflation forecast to 28.4 percent

In a notable revision, Turkey has elevated its inflation forecast for the end of 2026 to 28.4 percent, a figure that surpasses last year's estimates. The adjustment has been attributed to the repercussions of the Middle East war. While inflation is expected to taper off to nine percent by 2029, government strategies are believed to be playing a pivotal role in this declining trend.