Turkish Statistical Institute (TURKSTAT), the economy is eagerly awaiting 2026 shared the first inflation data of the year with the public. Consumer Price Index in January (CPI), percent on a monthly basis 4,84 increased and exceeded expectations.
January inflation figures reflecting the first price movements of the new year in the Turkish economy have been announced.. According to the data announced by TUIK, While the upward momentum in inflation continues on a monthly basis, A limited decline was recorded on an annual basis.
Highlights in January Data
Monthly Increase: %4,84
Annual Inflation: %30,65 (in December %30,89 fell from the level)
Increase Compared to 12 Month Averages: %34,88
Monthly increase in December 2025 %0,89 was realized as and year %30,89 was closed at the level. Decreasing to 30.65% on an annual basis with January data, “The disinflation process continues, albeit slowly.” interpreted as.
What Were Economists' Expectations??
In the expectation survey conducted with the participation of 35 economists, Average monthly increase forecast for January is percent 4,21 was determined as. However, the announced figure of 4.84 percent, Approximate market expectations 0,6 took place on points.
Economists in the survey, He predicted that annual inflation would drop to 29.86% in January.; but the actual figure (%30,65) This was slightly above forecast.
2026 Year End Target
Medium-term predictions of market professionals have begun to become clear.. economists 2026 The average of year-end inflation expectations was 10 percent as of January 23,73 It was recorded as. this situation, shows that the downward trend in inflation is expected to continue for the rest of the year.
