Business · Economy · 4 hrs ago
IMF raises Turkey’s 2026 inflation forecast to 31.2 percent
The IMF raised its forecast for Turkey’s average inflation in 2026 to 31.2 percent, up from 28.6 percent in April.
It expects average inflation to be 26.5 percent in 2027, also higher than its earlier estimate.
These are full-year averages; the IMF’s separate forecast for inflation at the end of 2026 is 29.9 percent.
The fund cut its 2026 growth forecast to 2.7 percent, while leaving its 2027 growth estimate at 3.6 percent.
Turkey’s annual inflation eased to 29.73 percent in September, and the central bank kept its main interest rate at 37 percent as it tried to curb price increases.
Higher energy and food costs could make inflation worse, the IMF warned, because Turkey imports oil and natural gas and prolonged Middle East fighting could push prices up.
The IMF said the conflict could also weaken growth.
The IMF raised its forecast for Turkey’s average inflation in 2026 to 31.2 percent from 28.6 percent.
It also raised its 2027 average inflation forecast to 26.5 percent from 21.4 percent.
The fund cut its 2026 economic growth projection to 2.7 percent from 2.9 percent.
The estimates appear in the IMF’s October World Economic Outlook.
The IMF warned that prolonged fighting in the Middle East could raise energy and food prices, weaken growth and add to inflation.
- Who
- The International Monetary Fund (IMF).
- What
- It raised its forecast for Turkey’s average inflation in 2026 to 31.2 percent and cut its growth projection to 2.7 percent.
- When
- Tuesday, October 13, 2026.
- Where
- Turkey.
- Why
- The reason for the forecast revision is not stated. The IMF warned that prolonged Middle East fighting could add to inflation.
This story does not have two clearly opposing sides.
The IMF’s forecast for Turkey’s 2026 average inflation was 28.6 percent.
The IMF projected Turkey’s 2026 economic growth at 2.9 percent.
Turkey’s annual inflation was 29.73 percent, down from 31.51 percent in August.
The IMF published its October World Economic Outlook, raising its 2026 average inflation forecast for Turkey to 31.2 percent.
- 2026 average inflation forecast
- 31.2 percent, up from 28.6 percent
- 2027 average inflation forecast
- 26.5 percent, up from 21.4 percent
- 2026 growth forecast
- 2.7 percent, down from 2.9 percent
- 2027 growth forecast
- 3.6 percent, unchanged
- September annual inflation
- 29.73 percent, according to TurkStat
Sources
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