Unless the Minister of Treasury and Finance or the Governor of the Central Bank is suddenly dismissed, as it happened before, and the current ‘lacking’ economic program continues to be implemented, inflation in Türkiye could reach 40 percent by the end of 2024 and around 30 percent by mid-2025. Even if this happens, Türkiye will
Turkey’s inflation keeps soaring as Turkish Statistical Institute (TURKSTAT) May calculations indicate a 73 percent increase in annual Consumer Price Index (CPI), while independent inflation research group ENAGroup calculates 160 percent rise. According to TURKSTAT, the CPI increased by 2,98 percent in May 2022, reflected as 73.50 percent in annual increase. The Producer Price Index