Inflation forecasts rise in Türkiye and the United Kingdom

inflation forecasts energy price cap cost of living CBRT Ofgem

Economic forecasts in Türkiye and the United Kingdom indicate rising inflationary pressures. In Türkiye, the Central Bank of the Republic of Türkiye (CBRT) has increased its year-end 2026 inflation forecast from 26% to 28%, while maintaining its 2027 forecast at 15%. This revision impacts pension calculations and retirement timing for millions of workers. Market participants' year-end inflation expectations for Türkiye have also risen to 29.4%.

In the United Kingdom, inflation is projected to rise to 2.9% in July from 2.6% in June. This upward trend is largely attributed to a 13% increase in the Ofgem energy price cap. Economists suggest this hike will add between 0.44 and 0.5 percentage points to the inflation rate. Additionally, the UK faces potential food price volatility due to drought conditions affecting agricultural yields and rising energy costs impacting the food supply chain.

Entities

Bank of England · Central Bank of the Republic of Türkiye · Fatih Karahan · Fatih Okumuş · Memur-Sen · Ofgem · Türkiye · United Kingdom

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Market participants' year-end inflation forecast increased to 29.4% from 29.2%. bazaartimes.com · tasinmazhaber.com · www.sozcu.com.tr
[● 8 SOURCES] UK inflation is expected to rise to 2.9% in July from 2.6% in June. www.europesays.com · agf.org.uk · olaygazete.co.uk · almanartv.com.lb · dailybusinessgroup.co.uk · +2 more
[● 8 SOURCES] Ofgem increased the energy price cap by 13% in July. www.europesays.com · agf.org.uk · olaygazete.co.uk · almanartv.com.lb · dailybusinessgroup.co.uk · +2 more
[● 3 SOURCES] The CBRT's 2027 year-end inflation forecast remains unchanged at 15%. www.ekonomist.com.tr · www.sozcu.com.tr · www.gazetepencere.com
[● 2 SOURCES] Market participants' expected monthly inflation for August rose to 1.7% from 1.4%. bazaartimes.com · tasinmazhaber.com
[DISPUTED] The energy price cap rise alone is expected to add 0.5 percentage points to UK inflation. www.europesays.com · agf.org.uk · almanartv.com.lb · dailybusinessgroup.co.uk
[● 2 SOURCES] The year-end dollar/Turkish lira forecast increased to 51.66 from 51.55. bazaartimes.com · tasinmazhaber.com
[● 4 SOURCES] The CBRT raised its year-end 2026 inflation forecast from 26% to 28%. www.ekonomist.com.tr · www.sabah.com.tr · www.sozcu.com.tr · www.gazetepencere.com
[○ 1 SOURCE] Drought and rising energy costs are creating food price pressures in Britain. caithness-business.co.uk
[DISPUTED] The energy price cap increase is estimated to add approximately 0.44 percentage points to the inflation rate. almanartv.com.lb · s.alwakeelnews.com · www.elbalad.news