While a price increase was expected, Minister Şimşek's surprise "discount" message.

03.11.2025 17:08

With the announced inflation figures and the revaluation rate of 25.49%, the increases in taxes and fees for 2026 have also been determined. The hikes, which will take effect from January, are disappointing; however, Treasury and Finance Minister Mehmet Şimşek indicated that there is a slowdown in the disinflation process and signaled a potential reduction in the increases.

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The inflation figures that will determine the salary, pension, and rent increases have been announced. According to the data released by TÜİK, inflation increased by 2.55% in October, while the annual rate was 32.87%.

REVALUATION RATE HAS BEEN SET AT 25.49%

With the figures announced by TÜİK, the Revaluation Rate has also been determined. Accordingly, the revaluation rate to be applied for taxes, fees, and fines has been set at 25.49%.

ATTENTION-GRABBING STATEMENT FROM TREASURY AND FINANCE MINISTER ŞİMŞEK

After the determination of the revaluation rate, while an increase is expected at this rate for traffic fines, passport, identity, driver's license, exit fees, IMEI registration fees, and MTV prices, an attention-grabbing statement came from Treasury and Finance Minister Mehmet Şimşek following the development.

Evaluating the inflation figures on social media, Şimşek signaled a reduction in the increase for taxes, fees, and fines. Stating that "annual inflation has decreased, albeit limited, in October," Şimşek said, "The inflation rates of 64% and 65% realized at the end of 2022 and 2023, respectively, have decreased to 44% in 2024 and 32.9% in October 2025."

"TEMPORARY FLUCTUATIONS CAN OCCUR IN THE DISINFLATION PROCESS"

Indicating that temporary fluctuations can occur during the disinflation process, Şimşek stated, "Temporary fluctuations can be observed during the disinflation process. Although a slowdown has been observed recently, the overall picture has not changed. We anticipate the continuation of disinflation thanks to supportive global and domestic conditions."

SIGNAL OF DISCOUNT

Giving a signal of a reduction in the increase for taxes and fees in 2026, Şimşek stated, "In line with budgetary possibilities, the update for taxes and fees for 2026 is on our agenda to be made at a lower rate than the revaluation rate, taking into account inflation targets."

Şimşek continued his remarks as follows: "In line with our goal of permanent price stability, we are resolutely implementing our policies and taking structural steps to reduce supply-side pressures on inflation."