Cost of food in Turkey increased 25.11 percent in December of 2018 over the same month in the previous year. Food Inflation in Turkey averaged 9.69 percent from 2004 until 2018, reaching an all time high of 27.70 percent in September of 2018 and a record low of 1.38 percent in April of 2016.
Food Inflation in Turkey is expected to be 22.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Turkey to stand at 16.40 in 12 months time. In the long-term, the Turkey Food Inflation is projected to trend around 11.50 percent in 2020, according to our econometric models.