Inflation Data is Being Announced: Markets and Price Increase Expectations

Inflation Data Awaited in Turkey

Today, with the announcement of inflation data in Turkey, new figures are expected to significantly affect the markets as well as the wage increases for retirees and civil servants. Millions of retirees and civil servants are eagerly following the data that TURKSTAT (Turkish Statistical Institute) will announce at 10:00 AM.

Consumer and Producer Price Indices for October

On Monday, the announcement will detail the consumer and producer price indices. Last month, the Istanbul Chamber of Commerce Consumer Price Index showed a monthly increase of 3.31%, while in the previous month, this rate was 3.19%. These data play a crucial role in determining the direction of the markets and the overall economic situation.

Effects on Food and Alcohol Consumption

In September, the inflation rate in the Food and Non-Alcoholic Beverages expenditure group was 3.85%, which rose to 4.05% in October. Additionally, the annual inflation in Istanbul increased from 40.75% in September to 40.84% in October. These changes highlight the rise in food prices and inflationary pressures.

Inflation Survey Expectations

According to the results of the October inflation survey conducted by Bloomberg HT, the median expectation of 19 institutions is that inflation will occur at a monthly rate of 2.71% in October. Economists predict that annual inflation is expected to be at 33.1%.

Government and Central Bank Predictions

Global economic challenges and factors such as drought indicate that it will be difficult to achieve a year-end inflation target of between 25% and 29%. The Minister of Finance, Mehmet Şimşek, stated that achieving the target "seems difficult." The Central Bank of the Republic of Turkey (TCMB) announced in its latest statement that it expects inflation to be in the range of 25-29% for the end of 2025 and 13-19% for the end of 2026.