03.11.2025 17:03
The Vice President Cevdet Yılmaz made statements regarding the inflation data for October. Emphasizing that the disinflation strategy is being implemented decisively, Yılmaz stated, "In line with the program, we anticipate a continuation of the downward trend in inflation, aiming for below 20% in 2026 and single-digit levels in 2027."
The inflation figures that will determine the salary increases for civil servants, retirees, and rents have been announced. According to the data released by TÜİK, inflation increased by 2.55% in October, while the annual rate reached 32.87%.
Following the announcement of the October inflation figures, the first evaluation on the matter came from Vice President Cevdet Yılmaz. Yılmaz stated that they expect the downward trend in inflation to continue, saying, "We aim to bring it below 20% in 2026 and to single-digit levels in 2027."
ATTENTION-GRABBING MESSAGE FROM VICE PRESIDENT YILMAZ
In a statement made by Vice President Cevdet Yılmaz on his X account, the following expressions were included; "We continue to implement our disinflation strategy decisively, in coordination with monetary and fiscal policies, supported by structural reforms."
"THE DISINFLATION PROCESS CONTINUES"
While consumer inflation was realized at 2.55% in October, it is observed that the negative effects of frost and drought on food prices have slowed down, the moderate trend in energy prices continues, and service inflation has significantly slowed down. Clothing and shoe prices have temporarily increased, just as they did in the same month last year. In October, annual inflation has decreased to 32.87%, and the disinflation process continues. This outlook indicates that the path compatible with medium-term targets is being maintained.
Our Economic Program focuses on reducing inflation to single digits by increasing productivity and competitiveness and establishing macroeconomic balance. However, we do not consider the decline in inflation merely as the level implied by the numbers. We continue to take steps that enhance efficiency in all areas of the economy, strengthen trust and stability, improve the investment environment, and guide expectations. While increasing production capacity and competitiveness through structural reforms, we are implementing measures that will support agricultural production within the framework of supply-side policies, strengthen energy supply security, and increase the housing stock.
"WE AIM FOR SINGLE-DIGIT LEVELS IN 2027"
In line with the program, we foresee the continuation of the downward trend in inflation, aiming for below 20% in 2026 and single-digit levels in 2027. The Turkish economy will achieve success in the permanent establishment of disinflation without compromising program discipline, through effective coordination among public institutions and the positive shaping of expectations."