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Turkish Treasury and Finance Minister Mehmet Simsek told a group of investors that year-end inflation could slow to about 19%, according to people with knowledge of the matter speaking to Bloomberg.
Simsek made the remarks in London, where he and Central Bank Governor Fatih Karahan are attending a conference organized by Bank of America Securities, said sources speaking to Bloomberg.
The 19% inflation forecast is in line with the upper-end of the central bank's estimate range, while monetary policymakers are targeting a rate of 16%, according to the report. A number of global banks ranging from Deutsche Bank to JPMorgan Chase have penciled in a price growth of above 20% at the end of 2026.
Türkiye's Consumer Price Index (CPI) rose 0.89% monthly in December 2025, while the Domestic Producer Price Index rose 0.75%, according to Turkish Statistical Institute (TurkStat) data.
Annual inflation reached 30.89% in consumer prices and 27.67% in domestic producer prices, according to TurkStat data.
Based on 12-month averages as of December 2025, consumer prices rose 34.88% and domestic producer prices rose 25.36%.
The CPI declined to its lowest level in the past 49 months on an annual basis, according to data. The index had been recorded at 21.31% in November 2021.
Simsek reportedly said he may consider skipping some bi-annual lump sum tax increases typically implemented in July as a means to help disinflation, according to people speaking to Bloomberg. The ministry raised some of those taxes—which significantly impact January and February's inflation rate—more modestly at the start of the year, according to the report.
Minister Simsek is conducting a program covering London and New York to meet with representatives of the world's leading institutional investment firms, according to information Turkish Treasury and Finance Ministry provided to state-run Anadolu Agency (AA).
Simsek began his investor tour covering England and the United States from London.
He is expected to participate in 8-10 meetings per day. During the first three days of the week, Simsek was expected to meet with investors in London. Turkish Treasury and Finance Minister will participate in the Türkiye Investment Conference as part of the program. Following the conference, Simsek will hold one-on-one meetings with senior executives, chief economists, and analysts of global investment firms.
After the London program, Simsek will begin New York contacts on Thursday, where he will continue corporate investor meetings in New York, conducting both broad-based meetings and narrow-scope and targeted one-on-one meetings.
During the investor meetings, assessments regarding 2025 will be made, 2026 priorities will be discussed, structural reform agenda will be addressed, and Türkiye's investment opportunities will be discussed.
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