YENİ Parti officials criticize Turkish economic policy and rising costs

Members of the YENİ Parti have criticized the current state of the Turkish economy, citing failed inflation targets and the negative impact of tight monetary policy. Istanbul Deputy Özgür Karabat noted that while the Medium-Term Program aimed for a 16% inflation rate by the end of 2026, current annual figures remain at 31.51%. Karabat highlighted that high interest rates and a strong lira are cooling the economy, leading to slowed industrial production and a significant trade deficit, which reached $65.8 billion between January and August 2026.

Additionally, Kayseri Deputy Aşkın Genç raised concerns regarding rising fuel costs. Genç pointed out that diesel prices have risen significantly from 10 lira at the end of 2021 to approximately 90 lira currently. He warned that scheduled tax increases could drive diesel prices to 104 TL per liter by the start of 2027, creating a chain reaction of price hikes across various market sectors.