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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey CPI MoM climbed to 1.84% in August 2026
FMPMonthlyReleased September 2026
Turkey CPI MoM climbed to 1.84% in August 2026, released September 2026, up 0.06% from July's 1.78% reading. The reading matched expectations. CPI MoM has now risen for 3 consecutive months.
Latest Release
1.84
Actual
1.93
Consensus
1.78
Previous
Median Absolute Error
±0.1 percentage points
across last 3 releases
Last Call
Sep 2026
Predicted: 1.94
Actual: 1.84
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/TRY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/TRY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Turkey) was reported at 1.84% in September 2026. This missed the market consensus of 1.93% by 0.09%. The reading rose from the previous value of 1.78%. Trailing 12-month context per ETL data through September 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/TRY (Bullish TRY). A secondary relationship exists with EUR/TRY, negatively correlated (Bullish TRY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (Sep 21) and Consumer Confidence (Sep 22).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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CPI MoM - TR
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About CPI MoM — Turkey
DEFINITION
Turkey's CPI MoM for August rose 1.840%, missing the 1.930% estimate but up from July's 1.780%. The inflation rate showed a modest acceleration month-over-month, indicating persistent price pressures. Market focus remains on the central bank's response amid steady inflation trends. Updated 9/3/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 1.84 %, consensus 1.93 %. Prior reading (Jul 2026): 1.78 %. Before that (May 2026): 1.71 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/TRY (Bullish TRY, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - TR Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | TR | Auto Production YoY | -19.2 | -11 | -28.65 | Low | |
| 07:00 | TR | Auto Sales YoY | -25 | -15 | -27.25 | Low | |