Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power over time. It is typically expressed as a percentage increase per year. When inflation occurs, each unit of currency buys fewer goods and services, diminishing the value of money. Central banks and governments monitor inflation closely because significant inflation can erode consumer confidence and savings, disrupt economic stability, and influence monetary policy. Inflation can be caused by various factors, including increased demand for goods and services (demand-pull inflation), rising production costs (cost-push inflation), or excessive money supply growth.
Turkey's economic outlook is adjusting, with a consistent trend of lowering inflation forecasts for 2025, now at 28.04%. GDP growth projections for 2025 have improved slightly to 3.1%, with a…