FX.co ★ Turkey’s Year-End Inflation Forecast Inches Up to 29.63% in October

Turkey’s year-end Consumer Price Index (CPI) forecast showed a marginal uptick in October, edging up to 29.63% from 29.61% in September 2026, according to data updated on 16 October 2026. The move signals that expectations for inflation remain elevated and broadly stable, with only a slight adjustment from the previous month.

The October data suggests that market participants and forecasters see limited near-term relief in price pressures, even as the forecast path appears to be stabilizing around the high‑20s range. The almost unchanged projection between September and October may indicate a period of consolidation in inflation expectations, rather than a clear shift toward either a faster disinflation or renewed acceleration.

With the year-end CPI forecast now at 29.63%, policymakers and investors will be watching upcoming data closely to determine whether this minor increase is a temporary blip or the start of a more persistent upward drift in inflation expectations through the remainder of 2026.