Central BanksMedium•12 November 2026•
1 min read
CBRT Raises 2026 Inflation Forecast to 29.5% on Energy Risks
Key Facts
1The Central Bank of the Republic of Türkiye raised its 2026 year-end inflation forecast to 29.5% citing Iran war fallout.
2The bank projects inflation will ease to 21% in 2027 and 13.5% in 2028.
The Central Bank of the Republic of Türkiye raised its 2026 year-end inflation forecast to 29.5%. Türkiye Today reported that the bank projects inflation will ease to 21% in 2027 and 13.5% in 2028, according to the inflation report released on November 12, 2026.
The bank attributed the upward revision to the fallout from the Iran war and persistent energy price risks that challenge the disinflation path despite slowing domestic demand. These projections follow the release of annual Industrial Production data on November 10, 2026, which showed a 2.6% increase, significantly higher than the forecast of a 0.3% contraction.