Türkiye: in January 2021 the Central Bank of the Republic of Türkiye expected inflation of 7.0% for 2022; the outcome was 64.3%
Forecasts of 44 releases (2014–2024) for the next year: the outcome above the forecast 43 times, below 1; typical error +10.64 percentage points. The largest under-forecast in January 2021: 7.0% expected for 2022, the outcome was 64.3%. The largest over-forecast in October 2018: 15.2% expected for 2019, the outcome was 11.8%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →