Turkey's annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, eased to 15.87 percent in May 2019, the lowest since last July, from 16.30 percent in the preceding month. Core Inflation Rate in Turkey averaged 8.20 percent from 2004 until 2019, 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.
Core Inflation Rate in Turkey is expected to be 14.50 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 11.80 in 12 months time. In the long-term, the Turkey Core Inflation Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.