April 24, 2026
ANKARA — Inflation expectations in Turkey increased across all sectors in April, with household expectations surpassing 51%, according to newly released data from the Central Bank of the Republic of Turkey (TCMB).
The TCMB’s “Sectoral Inflation Expectations” report showed that 12-month ahead annual inflation expectations rose in all groups compared to the previous month.
Expectations by Sector
- Market participants: up 1.22 percentage points to 23.39%
- Real sector: up 0.8 percentage points to 33.70%
- Households: up 1.67 percentage points to 51.56%
Households continued to hold the highest inflation expectations among all groups, reflecting persistent concerns over price increases.
Decline in Optimism
The data also pointed to weakening confidence among consumers. The share of households expecting inflation to decline over the next 12 months fell by 0.57 percentage points to 14.57%.
Broader Implications
The across-the-board rise in expectations signals a continued deterioration in inflation outlook and highlights ongoing challenges for policymakers seeking to anchor expectations and restore price stability.
Analysts note that elevated household expectations, in particular, may influence consumption behavior and pricing dynamics, making inflation more persistent in the near term.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök