KONDA Inflation Expectations Survey Results - September'26

SUMMARY

In September, the inflation expectation for the coming 12 months rose by 7 points compared to July, reaching 90 percent. This increase was particularly pronounced among rural and urban residents, white-collar workers, university graduates, individuals aged 51 and older, and retirees. Additionally, inflation expectations rose by 14 points among those who stated they would not vote if faced with a choice between Özgür Özel and Recep Tayyip Erdoğan. While inflation expectations were higher among those anticipating an economic crisis in Türkiye or economic hardships in their own lives over the next three months, a more marked increase compared to July was observed in groups that did not anticipate such crises or hardships. Regarding preferences for the country's future, inflation expectations remained higher among those who advocated for a "humane society" compared to other groups.

This content is a version of the KONDA Inflation Expectation Survey prepared exclusively for KONDA Barometer subscribers. This version includes inquiries across a wider range of demographic and political breakdowns.

This section presents the results of the KONDA Inflation Expectation Survey for September 2026:

• By what percentage do you think prices have risen on average over the past year—that is, from September 2025 to this September? (90 percent)
• By what percentage do you think prices will rise over the next 12 months—that is, from September 2026 to September 2027? (90 percent)
• By what percentage do you think prices will rise from the beginning to the end of 2026—that is, from January to December? (76 percent)

• Inflation expectations by settlement type,
• Inflation expectations of Erdoğan and Özel voters,
• Inflation expectations of those prioritizing a "strong state," "stable economy," or "humane society" for the country,
• Inflation expectations based on the anticipation of a crisis in Türkiye and personal hardship over the next 3 months,