Ankara, Turkey – The Central Bank of Turkey announced the results of its November 2025 Inflation Expectations Survey. The survey, conducted in cooperation with the Turkish Statistical Institute, covered the financial and real estate sectors, manufacturing companies, and households. Its aim was to examine market, real sector, and household expectations for the coming period.
The results showed that market participants’ expectations for the 12-month annual inflation rate rose by 0.23 percentage points compared to the previous month, reaching 23.49%. Conversely, expectations in the real sector fell by 0.60 percentage points to 35.70%, while household expectations saw an even greater decline of 2.15 percentage points to 52.24%.
The survey also showed a decrease in the percentage of households expecting inflation to decline over the next 12 months. This figure fell by 1.67 percentage points to 24.83% compared to the previous month.
This report reflects the diverse perspectives of the participants, ranging from more moderate market expectations to more optimistic or pessimistic household forecasts regarding inflation in the coming period.
