03.11.2025 09:05
The Turkish Statistical Institute (TÜİK) will announce the inflation figures for October today at 10:00 AM. Along with the figures that economists predict will increase by 2.69% on a monthly basis and decrease to 33.05% on an annual basis, the Revaluation Rate will also be determined. The Motor Vehicle Tax, property tax, traffic fines, and passport and driver's license fees will be increased by the average of the domestic price index over the past 12 months.
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The Turkish Statistical Institute (TUIK) will announce the inflation figures for October today at 10:00 AM during a scheduled meeting.
ECONOMISTS PREDICT A 2.69% INCREASE
Economists participating in the Anadolu Agency Finance Inflation Expectation Survey predict that inflation will increase by 2.69% in October. According to the survey, it is also expected that the annual inflation rate, which was 33.29% in September, will decrease to 33.05% in October.
TAX, FEE, AND PENALTY INCREASES WILL BE CLARIFIED
Meanwhile, along with the inflation data, the Revaluation Rate will also be announced today. The Motor Vehicle Tax, property tax, traffic fines, passport, and driver's license fees will be increased by the average of the domestic price index over the past 12 months.
GUIDE FOR THE CENTRAL BANK'S POLICY
The inflation figures are also a guide for the Central Bank of Turkey's (CBRT) policy. Although the CBRT made a 1-point interest rate cut in its last meeting, it maintained its firm stance messages regarding the fight against inflation. The fourth inflation report of the year will be announced on Friday, November 7.
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