BAKU, Azerbaijan, March 23. Dutch
banking group ING Group has maintained its revised forecast for
Türkiye’s consumer price index (CPI) through 2027, the Global
Economic Forecasts for March 2026 says, Trend reports.
ING’s updated projections indicate that Türkiye’s CPI is
expected to stand at 31% in the first quarter of 2026, gradually
declining to 28.6% in the second quarter, 26.3% in the third, and
25.5% in the fourth quarter. The annual average CPI for 2026 is
forecasted at 28.1%, with a further easing to 20.3% in 2027.
Recent data shows a slight uptick in Türkiye’s annual CPI
inflation, reaching 31.5% in February 2026, up from 30.7% in
January. Monthly inflation stood at 2.96%, driven primarily by food
and non-food categories such as transport and catering. However,
core inflation (CPI-C) moderated to 29.5% year-on-year, the lowest
since late 2021, supported by stable producer prices and favorable
currency developments, according to TurkStat and ING’s March 3
analysis.
Earlier in February 2026, the Central Bank of Türkiye revised
its 2026 inflation forecast range upward to 15-21% (midpoint 19%),
while maintaining its official target at 16%, signaling confidence
in the disinflationary trend despite market expectations of around
23% for the end of the year.
