Turkish Finance Minister Şimşek upbeat on inflation outlook, foresees accelerated disinflation

Türkiye's Treasury and Finance Minister Mehmet Şimşek expressed optimism about the country's economic outlook, citing a decline in inflation expectations.
Şimşek commented on Turkish central bank's Market Participants Survey for June. He highlighted a significant decrease in year-end inflation expectations, indicating growing confidence in the government's economic program.
The survey revealed a drop in the 12-month-ahead annual inflation expectation to 31.8%, while the 24-month-ahead expectation fell to 20.3%. Şimşek emphasized that these declining figures suggest a faster pace of disinflation, the process of bringing down inflation.
The Minister expressed confidence that inflation expectations will continue to converge with the government's targets. This convergence, he suggested, will further accelerate the disinflation process, bringing positive news for the Turkish economy. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Türkiye’s services production index recorded a 3.6% increase in August 2025 compared to the same month last year, reflecting robust growth across key sectors, according to official data released Wednesday.
The Turkish Statistical Institute announced on Wednesday that the number of paid employees across industry, construction, and trade-services sectors increased by 1.2% in August 2025 compared to the same month last year.
Türkiye’s construction sector recorded a strong annual performance in August 2025, with production in construction increasing by 25.0% compared to the same month of the previous year, according to data released by the Turkish Statistical Institute (TurkStat) on Wednesday.
The Turkish Statistical Institute (TurkStat) reported a significant rise in the Producer Price Index of Agricultural Products (Agriculture-PPI) for September 2025, with a year-on-year increase of 46.83% and a month-on-month jump of 5.80%.