Inflation in Turkiye expected at 9.9% in 2025

The inflation rate in Turkiye at the end of 2025 is expected to drop to 9.9% from 65% at the end of this year, Report informs referring to the country’s medium-term economic development program published in the government bulletin Resmi Gazete.

The document notes that inflation in Turkiye is projected at 24.9% next year, and 13.8% a year later.

According to the results of July this year, inflation in Turkiye, according to the National Institute of Statistics, amounted to 79.6% and became a record high in recent years. At the same time, according to the independent Inflation Analysis Group, it rose to 176%.

The government program provides that the growth of the Turkish economy will be 5% in 2022, 5.2% next year, and 5.5% in 2024 and 2025.

Unemployment in Turkiye is expected at 10.8% at the end of this year, 10.4% next year, 9.9% a year later and 9.6% in 2025.