{"id":15648,"date":"2026-03-31T12:41:57","date_gmt":"2026-03-31T09:41:57","guid":{"rendered":"https:\/\/www.merceknet.com\/tr\/?p=15648"},"modified":"2026-03-31T12:51:56","modified_gmt":"2026-03-31T09:51:56","slug":"enflasyon-beklentilerinde-son-iki-uc-yilda-dikkat-ceken-toparlanma","status":"publish","type":"post","link":"https:\/\/www.merceknet.com\/tr\/2026\/03\/31\/enflasyon-beklentilerinde-son-iki-uc-yilda-dikkat-ceken-toparlanma\/","title":{"rendered":"Enflasyon beklentilerinde son iki-\u00fc\u00e7 y\u0131lda dikkat \u00e7eken toparlanma"},"content":{"rendered":"
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Enflasyon beklentileri neden bu kadar \u00f6nemli?<\/h2>\n

Ara\u015ft\u0131rma, merkez bankalar\u0131n\u0131n temel hedefinin fiyat istikrar\u0131 oldu\u011funu, bunun i\u00e7in de toplumun farkl\u0131 kesimlerinin enflasyon beklentilerinin \u201c\u00e7\u0131palanmas\u0131n\u0131n\u201d kritik \u00f6nemde bulundu\u011funu vurguluyor. Buna g\u00f6re finansal sekt\u00f6r kararlar\u0131n\u0131 beklentilere g\u00f6re al\u0131rken, firmalar fiyatlama davran\u0131\u015flar\u0131n\u0131, hanehalk\u0131 ise tasarruf ve t\u00fcketim tercihlerini enflasyon beklentileri do\u011frultusunda \u015fekillendiriyor. Bu nedenle beklentilerin istikrarl\u0131 olmas\u0131, para politikas\u0131n\u0131n etkinli\u011fi ve merkez bankas\u0131n\u0131n kredibilitesi a\u00e7\u0131s\u0131ndan temel g\u00f6stergelerden biri say\u0131l\u0131yor.<\/p>\n

\u00c7al\u0131\u015fmada, beklentilerin \u00e7\u0131paland\u0131\u011f\u0131 bir ortamda ekonomik birimlerin k\u0131sa vadeli fiyat dalgalanmalar\u0131na daha az tepki verdi\u011fi ve merkez bankas\u0131n\u0131n y\u00f6nlendirmelerini daha fazla dikkate ald\u0131\u011f\u0131 belirtiliyor. Buna kar\u015f\u0131l\u0131k g\u00fcven kayb\u0131 ya da g\u00fc\u00e7l\u00fc arz \u015foklar\u0131 oldu\u011funda \u00e7\u0131pan\u0131n zay\u0131flad\u0131\u011f\u0131, beklentilerin resmi hedeften sapt\u0131\u011f\u0131, daha oynak hale geldi\u011fi ve k\u0131sa vadeli geli\u015fmelerden daha fazla etkilenmeye ba\u015flad\u0131\u011f\u0131 ifade ediliyor.<\/p>\n

Ara\u015ft\u0131rma hangi verilerle haz\u0131rland\u0131?<\/h2>\n

\u00c7al\u0131\u015fmada \u00fc\u00e7 farkl\u0131 kesime ait anket bazl\u0131 mikro veriler kullan\u0131ld\u0131. Finansal sekt\u00f6r uzmanlar\u0131n\u0131n beklentileri i\u00e7in TCMB\u2019nin Piyasa Kat\u0131l\u0131mc\u0131lar\u0131 Anketi, reel sekt\u00f6r i\u00e7in \u0130ktisadi Y\u00f6nelim Anketi, hanehalk\u0131 i\u00e7in ise T\u00dc\u0130K T\u00fcketici E\u011filimi Anketi esas al\u0131nd\u0131. Her \u00fc\u00e7 grupta da temel de\u011fi\u015fken, 12 ay sonras\u0131 y\u0131ll\u0131k T\u00dcFE beklentisi oldu. Ara\u015ft\u0131rman\u0131n \u00f6rneklemi 2006:01-2025:09 d\u00f6nemini kaps\u0131yor.<\/p>\n

Metinde, hanehalk\u0131 ve firmalar\u0131n beklentilerinin ayk\u0131r\u0131 de\u011ferlerden temizlendi\u011fi, firmalar\u0131n yan\u0131tlar\u0131n\u0131n sekt\u00f6r i\u00e7i ve sekt\u00f6rler aras\u0131 \u00fcretim de\u011ferlerine g\u00f6re a\u011f\u0131rl\u0131kland\u0131r\u0131ld\u0131\u011f\u0131 da belirtiliyor. B\u00f6ylece ara\u015ft\u0131rma yaln\u0131zca genel e\u011filimleri de\u011fil, zaman i\u00e7indeki beklenti davran\u0131\u015f\u0131n\u0131n niteli\u011fini de \u00f6l\u00e7meye \u00e7al\u0131\u015f\u0131yor.<\/p>\n

\u00dc\u00e7 farkl\u0131 kesim, \u00fc\u00e7 farkl\u0131 enflasyon alg\u0131s\u0131<\/h2>\n

Ara\u015ft\u0131rman\u0131n dikkat \u00e7eken bulgular\u0131ndan biri, \u00fc\u00e7 kesimin enflasyon beklentilerinin tarihsel olarak birbirinden belirgin bi\u00e7imde farkl\u0131la\u015fmas\u0131. \u00c7al\u0131\u015fmaya g\u00f6re piyasa kat\u0131l\u0131mc\u0131lar\u0131n\u0131n beklentileri hem ortalama hem oynakl\u0131k a\u00e7\u0131s\u0131ndan di\u011fer gruplara g\u00f6re daha d\u00fc\u015f\u00fck seviyede seyrediyor. 2015:01-2025:09 d\u00f6nemini kapsayan betimleyici istatistiklere g\u00f6re ortalama 12 ay sonras\u0131 T\u00dcFE beklentisi piyasa kat\u0131l\u0131mc\u0131lar\u0131nda y\u00fczde 17,10, firmalarda y\u00fczde 27,14, hanehalk\u0131nda ise y\u00fczde 46,35 d\u00fczeyinde bulunuyor. Standart sapma da yine piyasa kat\u0131l\u0131mc\u0131lar\u0131nda en d\u00fc\u015f\u00fck, hanehalk\u0131nda en y\u00fcksek d\u00fczeyde \u00f6l\u00e7\u00fcl\u00fcyor.<\/p>\n

Bu tablo, farkl\u0131 toplumsal kesimlerin enflasyonu farkl\u0131 bilgi kaynaklar\u0131 ve deneyimler \u00fczerinden okudu\u011funa i\u015faret ediyor. \u00c7al\u0131\u015fmada, hanehalk\u0131n\u0131n resmi verilerden \u00e7ok kendi g\u00fcnl\u00fck ya\u015fam deneyimlerine a\u011f\u0131rl\u0131k verme e\u011filiminde oldu\u011funa, bu nedenle beklentilerinin daha yukar\u0131 y\u00f6nl\u00fc ve oynak olabildi\u011fine dikkat \u00e7ekiliyor. Firmalar\u0131n ise resmi enflasyondan daha y\u00fcksek, ancak hanehalk\u0131ndan daha d\u00fc\u015f\u00fck bir beklenti patikas\u0131nda seyretti\u011fi aktar\u0131l\u0131yor.<\/p>\n

\u00c7\u0131palama nas\u0131l \u00f6l\u00e7\u00fcld\u00fc?<\/h2>\n

Ara\u015ft\u0131rmada enflasyon beklentilerinin \u00e7\u0131palanmas\u0131n\u0131 \u00f6l\u00e7mek i\u00e7in \u00fc\u00e7 temel g\u00f6sterge kullan\u0131ld\u0131. Bunlardan ilki, beklentilerin resmi enflasyon tahminlerinden ne kadar sapt\u0131\u011f\u0131n\u0131 \u00f6l\u00e7en \u201csapma \u00f6l\u00e7\u00fct\u00fc\u201d. \u0130kinci g\u00f6sterge, beklentilerin zaman i\u00e7indeki dalgalanmas\u0131n\u0131 izleyen \u201coynakl\u0131k \u00f6l\u00e7\u00fct\u00fc\u201d. \u00dc\u00e7\u00fcnc\u00fc g\u00f6sterge ise anket kat\u0131l\u0131mc\u0131lar\u0131n\u0131n beklentilerinin birbirine ne kadar yak\u0131n ya da uzak oldu\u011funu ortaya koyan \u201cyay\u0131l\u0131m \u00f6l\u00e7\u00fct\u00fc\u201d. \u00dc\u00e7 \u00f6l\u00e7\u00fct de 12 ayl\u0131k kayan pencere y\u00f6ntemiyle hesapland\u0131.<\/p>\n

\u00c7al\u0131\u015fmada, veri k\u0131s\u0131tlar\u0131 nedeniyle 12 ay sonras\u0131 beklentilerin kullan\u0131ld\u0131\u011f\u0131, resmi \u00e7\u0131pa olarak da TCMB\u2019nin sabit y\u00fczde 5 orta vadeli hedefi yerine Enflasyon Raporlar\u0131\u2019nda duyurulan resmi enflasyon tahminlerinin esas al\u0131nd\u0131\u011f\u0131 belirtiliyor. Bu tercih, piyasa ve anket beklentileriyle daha uyumlu ve d\u00f6nemsel olarak daha ger\u00e7ek\u00e7i bir referans \u00e7er\u00e7evesi sunmay\u0131 ama\u00e7l\u0131yor.<\/p>\n

Birinci g\u00f6sterge: Beklentiler hedeften ne kadar sapt\u0131?<\/h2>\n

Sapma \u00f6l\u00e7\u00fct\u00fc, farkl\u0131 kesimlerin enflasyon beklentilerinin TCMB\u2019nin resmi enflasyon tahminlerinden ne kadar uzakla\u015ft\u0131\u011f\u0131n\u0131 ortaya koyuyor. Ara\u015ft\u0131rmaya g\u00f6re piyasa kat\u0131l\u0131mc\u0131lar\u0131n\u0131n beklentileri 2006-2018 d\u00f6neminde resmi tahminlerle g\u00f6rece uyumlu ve yatay bir g\u00f6r\u00fcn\u00fcm sergiledi. Ancak 2019-2021 d\u00f6neminde bu uyum zay\u0131flamaya ba\u015flad\u0131; 2022\u2019den itibaren ise sapma h\u0131zl\u0131 bi\u00e7imde b\u00fcy\u00fcd\u00fc. Beklentilerdeki bozulma 2023 y\u0131l\u0131 Temmuz ay\u0131nda zirveye ula\u015ft\u0131ktan sonra a\u015fa\u011f\u0131 y\u00f6nl\u00fc bir e\u011filime girdi.<\/p>\n

Firma ve hanehalk\u0131 beklentilerinde sapman\u0131n tarihsel olarak \u00e7ok daha y\u00fcksek oldu\u011fu g\u00f6r\u00fcl\u00fcyor. \u00c7al\u0131\u015fma, bu iki grupta resmi tahminlerden uzakla\u015fman\u0131n 2018 sonras\u0131 belirginle\u015fti\u011fini, 2022\u2019den itibaren ise daha da keskin hale geldi\u011fini ortaya koyuyor. Piyasa kat\u0131l\u0131mc\u0131lar\u0131yla benzer \u015fekilde firmalar ve hanehalk\u0131nda da en y\u00fcksek bozulma 2023 yaz aylar\u0131nda g\u00f6r\u00fcl\u00fcrken, sonraki d\u00f6nemde gerileme ba\u015flad\u0131.<\/p>\n

Ba\u015fka bir ifadeyle ara\u015ft\u0131rma, beklentilerin en \u00e7ok 2022-2023 d\u00f6neminde hedef \u00e7\u0131pas\u0131ndan koptu\u011funu, ard\u0131ndan yeniden bir yak\u0131nsama s\u00fcrecinin ba\u015flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu da son d\u00f6nemde para politikas\u0131n\u0131n beklentiler \u00fczerindeki etkisinin g\u00fc\u00e7lenmeye ba\u015flad\u0131\u011f\u0131na i\u015faret ediyor.<\/p>\n

\u0130kinci g\u00f6sterge: Beklentiler ne kadar oynak?<\/h2>\n

Oynakl\u0131k \u00f6l\u00e7\u00fct\u00fc, beklentilerin zaman i\u00e7inde ne kadar sert revizyonlara u\u011frad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. \u00c7al\u0131\u015fmada, \u00e7\u0131palanm\u0131\u015f bir ortamda anket kat\u0131l\u0131mc\u0131lar\u0131n\u0131n beklentilerinde b\u00fcy\u00fck s\u0131\u00e7ramalar g\u00f6r\u00fclmemesi gerekti\u011fi, beklenti serisinin daha istikrarl\u0131 ve yatay bir g\u00f6r\u00fcn\u00fcm sergilemesinin beklendi\u011fi ifade ediliyor.<\/p>\n

Bulgulara g\u00f6re piyasa kat\u0131l\u0131mc\u0131lar\u0131n\u0131n enflasyon beklentilerindeki oynakl\u0131k 2018 ve 2021\u2019de dikkat \u00e7ekici y\u00fckseli\u015fler kaydetti. Benzer hareket firmalar ve hanehalk\u0131 i\u00e7in de g\u00f6zlendi. Ara\u015ft\u0131rma, t\u00fcm sekt\u00f6rlerde oynakl\u0131\u011f\u0131n 2022 Eyl\u00fcl ay\u0131nda zirveye \u00e7\u0131kt\u0131\u011f\u0131n\u0131, son d\u00f6nemde ise \u00fc\u00e7 grubun tamam\u0131nda a\u015fa\u011f\u0131 y\u00f6nl\u00fc bir seyir izlendi\u011fini g\u00f6steriyor. Bu gerileme, beklentilerin yeniden daha istikrarl\u0131 bir yap\u0131ya kavu\u015fmaya ba\u015flad\u0131\u011f\u0131 bi\u00e7iminde yorumlan\u0131yor.<\/p>\n

\u00c7al\u0131\u015fma burada \u00f6nemli bir uyar\u0131 da yap\u0131yor: Oynakl\u0131kta her art\u0131\u015f mutlaka olumsuz okunmamal\u0131. \u00c7\u00fcnk\u00fc beklentiler resmi hedefe do\u011fru iyile\u015firken, kat\u0131l\u0131mc\u0131lar tahminlerini a\u015fa\u011f\u0131 y\u00f6nl\u00fc g\u00fcncelledi\u011fi i\u00e7in ge\u00e7ici olarak oynakl\u0131k y\u00fckselebiliyor. Bu nedenle oynakl\u0131k tek ba\u015f\u0131na de\u011fil, sapma ve yay\u0131l\u0131m g\u00f6stergeleriyle birlikte de\u011ferlendiriliyor.<\/p>\n

\u00dc\u00e7\u00fcnc\u00fc g\u00f6sterge: Beklentiler birbirine yak\u0131n m\u0131?<\/h2>\n

Yay\u0131l\u0131m \u00f6l\u00e7\u00fct\u00fc, farkl\u0131 kat\u0131l\u0131mc\u0131lar\u0131n beklentilerinin birbirinden ne \u00f6l\u00e7\u00fcde ayr\u0131\u015ft\u0131\u011f\u0131n\u0131 ortaya koyuyor. Beklentilerin \u00e7\u0131paland\u0131\u011f\u0131 bir d\u00f6nemde bireylerin, firmalar\u0131n ve piyasa akt\u00f6rlerinin tahminlerinin birbirine daha yak\u0131n olmas\u0131 bekleniyor. Yay\u0131l\u0131m\u0131n artmas\u0131 ise ayn\u0131 ekonomide enflasyona dair ortak bir referans\u0131n zay\u0131flad\u0131\u011f\u0131 anlam\u0131na geliyor.<\/p>\n

Ara\u015ft\u0131rmaya g\u00f6re piyasa kat\u0131l\u0131mc\u0131lar\u0131, firmalar ve hanehalk\u0131n\u0131n beklenti yay\u0131l\u0131m\u0131 2018 ve 2022 y\u0131llar\u0131nda belirgin bi\u00e7imde y\u00fckseldi. Bu d\u00f6nemlerde farkl\u0131 kesimlerin enflasyona ili\u015fkin de\u011ferlendirmeleri aras\u0131ndaki mesafe a\u00e7\u0131ld\u0131. Son d\u00f6nemde ise her \u00fc\u00e7 grupta da yay\u0131l\u0131m\u0131n geriledi\u011fi ve beklentilerin yeniden birbirine yakla\u015fmaya ba\u015flad\u0131\u011f\u0131 saptand\u0131. \u00c7al\u0131\u015fma bu geli\u015fmeyi, \u00e7\u0131palamada iyile\u015fmenin \u00f6nemli bir g\u00f6stergesi olarak sunuyor.<\/p>\n

2021 sonras\u0131 bozulma, 2023 yaz\u0131 sonras\u0131 toparlanma<\/h2>\n

Ara\u015ft\u0131rman\u0131n genel resmi, 2021 itibar\u0131yla enflasyon ve beklentilerde belirgin bir bozulmaya i\u015faret ediyor. Metinde, 2021\u2019den sonra T\u00dcFE\u2019deki g\u00fc\u00e7l\u00fc y\u00fckseli\u015fin beklentilere de sert bi\u00e7imde yans\u0131d\u0131\u011f\u0131, 2022\u2019de enflasyonun tepe noktas\u0131na ula\u015fmas\u0131yla birlikte hem beklenti d\u00fczeylerinde hem oynakl\u0131k hem de yay\u0131l\u0131m g\u00f6stergelerinde bozulman\u0131n derinle\u015fti\u011fi anlat\u0131l\u0131yor.<\/p>\n

Buna kar\u015f\u0131l\u0131k, 2023 y\u0131l\u0131nda ba\u015flayan s\u0131k\u0131 para politikas\u0131n\u0131n etkisiyle \u00fc\u00e7 farkl\u0131 kesimde de enflasyon beklentilerinde d\u00fc\u015f\u00fc\u015f e\u011filimi g\u00f6r\u00fclmeye ba\u015fland\u0131. \u00c7al\u0131\u015fma, 2023 yaz aylar\u0131ndan itibaren sapma \u00f6l\u00e7\u00fct\u00fcn\u00fcn azald\u0131\u011f\u0131n\u0131, beklentilerin oynakl\u0131\u011f\u0131n\u0131n geriledi\u011fini ve yay\u0131l\u0131m\u0131n darald\u0131\u011f\u0131n\u0131 ortaya koyuyor. Yani hem beklentilerin seviyesi hem de da\u011f\u0131l\u0131m\u0131 a\u00e7\u0131s\u0131ndan daha olumlu bir g\u00f6r\u00fcn\u00fcm olu\u015ftu\u011fu belirtiliyor.<\/p>\n

\u00c7al\u0131\u015fman\u0131n ana bulgusu ne?<\/h2>\n

Ara\u015ft\u0131rman\u0131n en net mesaj\u0131, son iki-\u00fc\u00e7 y\u0131lda enflasyon beklentilerinin \u00e7\u0131palanmas\u0131nda dikkate de\u011fer bir iyile\u015fme ya\u015fand\u0131\u011f\u0131. Bu iyile\u015fme, yaln\u0131zca beklentilerin resmi tahminlere biraz daha yakla\u015fmas\u0131yla s\u0131n\u0131rl\u0131 de\u011fil; ayn\u0131 zamanda beklentilerin daha az oynak hale gelmesi ve farkl\u0131 kesimler aras\u0131nda daha az ayr\u0131\u015fmas\u0131yla da destekleniyor. \u00c7al\u0131\u015fma, bu geli\u015fmelerin dezenflasyon s\u00fcreci a\u00e7\u0131s\u0131ndan kritik oldu\u011funa i\u015faret ediyor.<\/p>\n

Metne g\u00f6re, enflasyon beklentilerinin \u00e7\u0131palanmas\u0131 para politikas\u0131n\u0131n etkinli\u011fini art\u0131r\u0131yor. Beklentiler hedefe daha yak\u0131n, daha istikrarl\u0131 ve daha az da\u011f\u0131n\u0131k hale geldik\u00e7e, dezenflasyon s\u00fcreci de daha g\u00fc\u00e7l\u00fc bir destek kazan\u0131yor. Bu nedenle beklentilerdeki toparlanma, yaln\u0131zca anketlerde g\u00f6r\u00fclen teknik bir d\u00fczelme de\u011fil, para politikas\u0131n\u0131n aktar\u0131m mekanizmas\u0131 a\u00e7\u0131s\u0131ndan da \u00f6nemli bir geli\u015fme olarak de\u011ferlendiriliyor.<\/p>\n

\u00c7al\u0131\u015fma ne anlama geliyor?<\/h2>\n

K\u0131saca, Merkez Bankas\u0131\u2019n\u0131n notu, enflasyonla m\u00fccadelede sadece ger\u00e7ekle\u015fen fiyatlara de\u011fil, toplumun gelece\u011fe dair enflasyon alg\u0131s\u0131na da bakmak gerekti\u011fini s\u00f6yl\u00fcyor. Ara\u015ft\u0131rmaya g\u00f6re T\u00fcrkiye\u2019de beklentiler 2018 ve 2022\u2019de ciddi bi\u00e7imde bozuldu, ancak 2023 yaz\u0131ndan sonra yeniden toparlanma sinyali verdi. Bu da s\u0131k\u0131 para politikas\u0131n\u0131n sadece bug\u00fcnk\u00fc fiyatlara de\u011fil, gelece\u011fe ili\u015fkin beklentilere de etkide bulunmaya ba\u015flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n

Sonu\u00e7<\/h2>\n

TCMB\u2019nin 31 Mart 2026 tarihli ekonomi notu, T\u00fcrkiye\u2019de enflasyon beklentilerinin seyrine dair kapsaml\u0131 bir tablo sunuyor. Piyasa kat\u0131l\u0131mc\u0131lar\u0131, firmalar ve hanehalk\u0131 \u00fczerinden yap\u0131lan inceleme; beklentilerin 2018 ve \u00f6zellikle 2022\u2019de g\u00fc\u00e7l\u00fc bi\u00e7imde bozuldu\u011funu, 2023 yaz\u0131ndan itibaren ise sapma, oynakl\u0131k ve yay\u0131l\u0131m g\u00f6stergelerinde kayda de\u011fer iyile\u015fme g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc ortaya koyuyor. \u00c7al\u0131\u015fman\u0131n en g\u00fc\u00e7l\u00fc sonucu, son iki-\u00fc\u00e7 y\u0131lda beklentilerin yeniden \u00e7\u0131palanmaya ba\u015flad\u0131\u011f\u0131 ve bunun dezenflasyon s\u00fcreci a\u00e7\u0131s\u0131ndan \u00f6nemli bir destek unsuru oldu\u011fu y\u00f6n\u00fcnde.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n \u201cEnflasyon Beklentilerine Y\u00f6nelik \u00c7\u0131palama G\u00f6stergeleri\u201d ba\u015fl\u0131kl\u0131 ekonomi notu, enflasyon beklentilerinin son iki-\u00fc\u00e7 y\u0131lda kayda de\u011fer bir iyile\u015fme g\u00f6sterdi\u011fini ortaya koydu. \u00c7al\u0131\u015fmada piyasa kat\u0131l\u0131mc\u0131lar\u0131, firmalar ve hanehalk\u0131n\u0131n 12 ay sonras\u0131 enflasyon beklentileri \u00fc\u00e7 ayr\u0131 \u00f6l\u00e7\u00fct \u00fczerinden incelendi. Bulgulara g\u00f6re, 2018 ve \u00f6zellikle 2022\u2019de belirgin bi\u00e7imde bozulan beklentiler, 2023 yaz\u0131ndan itibaren s\u0131k\u0131 para politikas\u0131yla birlikte yeniden toparlanma e\u011filimine girdi.<\/p>\n","protected":false},"author":2,"featured_media":15651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,5919],"tags":[5920,2064,5923,434,5922,5921],"class_list":["post-15648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analiz","category-surmanset","tag-enflasyonbeklentileri","tag-fiyatistikrari","tag-hanehalkibeklentileri","tag-merkezbankasi","tag-piyasakatilimcilari","tag-sikiparapolitikasi"],"yoast_head":"\nEnflasyon beklentilerinde son iki-\u00fc\u00e7 y\u0131lda dikkat \u00e7eken toparlanma - Merceknet Haber<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merceknet.com\/tr\/2026\/03\/31\/enflasyon-beklentilerinde-son-iki-uc-yilda-dikkat-ceken-toparlanma\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enflasyon beklentilerinde son iki-\u00fc\u00e7 y\u0131lda dikkat \u00e7eken toparlanma - Merceknet Haber\" \/>\n<meta property=\"og:description\" content=\"T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n \u201cEnflasyon Beklentilerine Y\u00f6nelik \u00c7\u0131palama G\u00f6stergeleri\u201d ba\u015fl\u0131kl\u0131 ekonomi notu, enflasyon beklentilerinin son iki-\u00fc\u00e7 y\u0131lda kayda de\u011fer bir iyile\u015fme g\u00f6sterdi\u011fini ortaya koydu. \u00c7al\u0131\u015fmada piyasa kat\u0131l\u0131mc\u0131lar\u0131, firmalar ve hanehalk\u0131n\u0131n 12 ay sonras\u0131 enflasyon beklentileri \u00fc\u00e7 ayr\u0131 \u00f6l\u00e7\u00fct \u00fczerinden incelendi. 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