Istanbul, May 14, 2026 (AFP) - Turkey lifts 2026 inflation forecast on Mideast war fallout

NAMPA / AFP
2026-05-14
Turkey's central bank has raised its year-end inflation forecast to 26 percent from 16 percent, governor Fatih Karahan said Thursday, pointing to higher energy prices due to the Middle East war. Turkey has grappled with double-digit inflation since 2019, with annual inflation rising to 32.37 percent in April from 30.9 percent in March. "We forecast that inflation will be 26 percent by the end of 2026," Karahan said. The bank also predicted infl......
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