WITH INFLATION AT 5-YEAR LOW, MARKETS EYE MODEST RATE CUT
For the first time in nearly five years, Turkey’s annual inflation rate slipped below 30%, giving the central bank room to consider easing monetary policy at its meeting on Oct. 22.
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PROSECUTORS LAUNCH CRACKDOWN ON PRODUCE WHOLESALERS
Authorities have launched a judicial operation against major produce distributors, detaining scores of executive-level figures for artificially inflating wholesale fruit and vegetable prices amid high food inflation.
CENTRAL BANK HOLDS MAIN INTEREST RATE AT 37% AS EXPECTED
Turkey's central bank held its benchmark interest rate steady on Sept. 10, matching market expectations as energy cost pressures continue to pose risks to the inflation outlook.
INFLATION REMAINS ABOVE 30% FOR 57TH MONTH AS PAST TARGETS FALL SHORT
Annual consumer inflation in Turkey remained above 30% for the 57th consecutive month in August. Official figures from TurkStat put August inflation at 31.5%, slightly slower than 31.75% in July.
GOVERNMENT CUTS DIESEL TAXES TO LOWER FUEL PRICES AND COMBAT INFLATION
The Turkish government has temporarily eliminated the special consumption tax on diesel fuel for the remainder of August in an effort to curb inflation. Pump prices fell by more than 13 percent a day after the government’s decision on Aug. 12.
CENTRAL BANK RAISES YEAR-END INFLATION FORECAST TO 28 PERCENT
The central bank has raised its year-end inflation forecast for 2026 to 28 percent from 26 percent.
INFLATION HITS TURKEY'S TOURISM ENGINE
Turkey's tourism industry, long considered an economic powerhouse, is struggling to achieve expected revenue growth this year as inflation drives up costs and diverts customers elsewhere.
APPAREL EXPORTERS DEMAND SPECIAL RECOVERY PACKAGE
Suffering from a loss of competitiveness due to the weak lira and high inflation, the head of the Istanbul Apparel Exporters Association (IHKIB) has requested a three-year support program to save the ready-to-wear sector.
CRACKDOWN ON CHICKEN GIANTS TESTS LIMITS OF STATE MARKET INTERVENTION
A judicial crackdown on Turkey's largest poultry producers has ignited debate over government intervention in the free market, temporary corporate takeovers, and soaring food inflation.
MILLIONS OF RETIREES WATCH INFLATION DATA AS PENSION TALKS NEAR
Millions of retirees in Turkey are waiting for official inflation data due on July 3 to learn how much their pensions could increase in the second half of the year. TurkStat will announce June inflation figures on July 3, revealing the inflation rate for the first six months of 2026. The data will determine the basis for pension adjustments. The parliament previously set the minimum pension for workers and self-employed retirees at 20,000 Turkish lira ($434) as of Jan. 1, 2026. Any increase to that minimum pension level will require a new legal regulation.
WAGE HIKES FAIL TO CURB DISCONTENT AT GROWING ECONOMIC STRAIN
With inflation at 30.89% annually and 0.89% month‑on‑month in December, according to the Turkish Statistical Institute (TurkStat), the latest pension adjustments have ignited discontent among retirees. Most retired workers and tradespeople will receive only a 12.19% increase, while public servant retirees are slated for an 18.60% rise.
NO INTEREST RATE CUTS WITHOUT INFLATION UNDER CONTROL
Central Bank Governor Fatih Karahan said interest rate cuts can only be effective when inflation is under control.