The Turkish government has officially adjusted its year-end inflation forecast, raising the expected rate from 16 percent to 28.4 percent. Vice President Cevdet Yılmaz attributed this significant upward revision to rising costs for energy and commodities, which he linked to ongoing geopolitical conflicts involving the United States, Israel, and Iran. During the presentation of the medium-term economic program covering 2027 through 2029, Yılmaz stated that inflation is anticipated to start a downward trend by the final quarter of 2026. The government intends to prioritize budget allocations toward critical sectors, including food security, industrial infrastructure, defense, healthcare, and social housing, to mitigate the impact of these economic pressures on the population.
Source : Turkish Minute
