The Turkish government raised company taxes and car fees to reduce economic pressure, but a weakened lira and government spending are anticipated to raise inflation.

Diesel prices may cause a 60% year-end inflation rate.

Since the election, the lira has dropped 25% versus the dollar, despite President Recep Tayyip Erdogan’s minimum salary and pension promises.

Mehmet Simsek, Hafize Gaye Erkan, and the new economic team are expected to stabilize prices.

However, fiscal discipline and budget stabilization trump inflation.