The core consumer price inflation rate in Turkey, which excludes volatile items such as energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, eased to 16.99 percent in May 2021, from 17.77 percent in the previous month. source: Turkish Statistical Institute
Core Inflation Rate in Turkey averaged 8.67 percent from 2004 until 2021, reaching an all time high of 24.34 percent in October of 2018 and a record low of 2.50 percent in October of 2010. This page provides the latest reported value for - Turkey Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Core Inflation Rate - values, historical data and charts - was last updated on June of 2021.
Core Inflation Rate in Turkey is expected to be 17.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Turkey to stand at 8.80 in 12 months time. In the long-term, the Turkey Core Inflation Rate is projected to trend around 7.00 percent in 2022 and 4.80 percent in 2023, according to our econometric models.