Mehmet Şimşek explains the reason for the deterioration in inflation: Rising energy costs

Treasury and Finance Minister Mehmet Şimşek stated that energy costs, which have risen alongside the war, have been influential in the deterioration of inflation expectations. Şimşek emphasized that policies aimed at ensuring price stability will continue.

Şimşek made statements regarding inflation expectations on his social media account.

In his statement, Şimşek noted the following:

"Rising energy costs alongside the war have been influential in the deterioration of inflation expectations. While inflationary pressures are increasing on a global scale due to the oil price shock, a deterioration in expectations is being observed. Rising energy prices are also expected to negatively affect the inflation outlook in our country. We will continue to implement our policies aimed at ensuring price stability, which is a prerequisite for sustainable growth and permanent prosperity."

Rising energy costs alongside the war have been influential in the deterioration of inflation expectations.

While inflationary pressures are increasing on a global scale due to the oil price shock, a deterioration in expectations is being observed. Rising energy prices are also expected to negatively affect the inflation outlook in our country… pic.twitter.com/VKCRSyhOJQ

— Mehmet Simsek (@memetsimsek) April 24, 2026