KONDA Inflation Expectation Survey Results - November'25

SUMMARY

Participants’ retrospective inflation perceptions over the past 12 months were at an average of 108 percent in September and declined to 92 percent in October. This month, a 2 point increase has been observed in retrospective perceptions. Expectations for inflation over the next 12 months had fallen to 99 percent last month, and this decline continued in November, with a further 12 point drop, reaching 87 percent

In November, expectations for inflation 12 months ahead continued to decline compared to the previous month. This decrease is particularly pronounced among İmamoğlu and CHP voters, as well as among groups who define themselves as “Modern.” In addition, individual and household factors such as stress levels, health status, the presence of household members in need of care, and borrowing conditions appear to be associated with inflation expectations.

This content is the subscriber only version of the KONDA Inflation Expectations Survey within the KONDA Barometer. This version includes a wider range of questions covering additional demographic and political breakdowns.

• The section presents the November ’25 results of the KONDA Inflation Expectations Survey: From November 2024 to this November by what percentage do you think prices have increased on average? 
  
• By what percentage do you think prices will increase over the next 12 months, from November 2025 to November 2026? 
  
• By what percentage do you think prices will increase over the course of 2025, from January to December?
  
• Inflation expectations by lifestyle groups
  
• Inflation expectations among Erdoğan and İmamoğlu voters
  
• Inflation expectations by self-reported stress and health levels
  
• Inflation expectations by the presence of household members in need of care
  
• Inflation expectations by ability to borrow
  
• Inflation expectations by items purchased online