JPMorgan Raises Turkey's 2026 CPI Forecast to 25% Amid Economic Concerns

JPMorgan has revised its forecast for Turkey's Consumer Price Index (CPI) by the end of 2026, increasing it to 25% from the previous estimate of 24%. According to Jin10, the adjustment is attributed to rising oil prices, an expanding current account deficit, and potential capital outflows. These factors are expected to exert additional pressure on Turkey's economy, prompting the financial institution to reassess its inflation expectations. The revised forecast reflects concerns over the country's economic stability and the challenges it faces in managing inflationary pressures.