KONDA Inflation Expectation Survey Results

SUMMARY

In January, inflation expectations for the next 12 months fell by 3 points compared to the previous month. However, the direction of expectations varies across different social groups. People living in rural areas maintain higher inflation expectations, while a decline is observed among voters of Recep Tayyip Erdoğan. Additionally, factors such as purchasing a National Lottery ticket and boycotting a brand for any political reason are also associated with inflation expectations.

This content is a special version of the KONDA Inflation Expectation Survey for KONDA Barometer subscribers. This version includes more questions on demographic and political breakdowns.

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

• From January 2025 to this January, i.e., over the past year, what percentage increase in prices do you think has occurred on average? (84%)
• In your opinion, by what percentage will prices have increased over the next 12 months, i.e., from January 2026 to January 2027? (84%)

• Inflation expectations by settlement type,
• Inflation expectations among Erdoğan and İmamoğlu voters, 
• Inflation expectations by National Lottery ticket purchase status,
• Inflation expectations by response to the minimum wage increase,
• Inflation expectations by boycott behavior.