The issue of high inflation in the Turkish economy has become chronic, and the dynamics affecting inflation have been a major topic of debate in recent years among economic decision-makers, market participants, and academic studies, all in the pursuit of achieving price stability. Heterodox monetary policies, aimed at controlling prices, have occasionally been implemented to address the inflation problem. However, especially after the 2023 general elections, orthodox policies have been pursued in the fight against inflation, with the importance of interest rates and exchange rates being highlighted once again through their outcomes. This study aims to empirically analyze the effects of real interest rates, exchange rates, and the Consumer Tendency Survey conducted in cooperation with the Central Bank of Turkey (TCMB) and the Turkish Statistical Institute (TÜİK), which measures household inflation expectations for the next 12 months, and Brent crude oil prices on price stability in the Turkish economy, and to uncover the relationship between these variables in both the long and current terms. According to the findings of the study, when examining the long-term and currentperiod trends of the variables on inflation, the exchange rate, which has worsened, has the greatest impact. At the same time, a significant relationship was found between both periods' inflation and the movements in Brent oil prices and real interest rates. Regarding household inflation expectations, no significant relationship was found with current-period inflation, but a meaningful and positive coefficient was detected in the long term.