Turkey's consumer price inflation rate eased to 11.76 percent year-on-year in June 2020, from a ten-month high of 12.62 percent in the previous month and below market expectations of 12.1 percent, as the economy continued to emerge from the coronavirus-induced lockdown. Cost rose at a softer pace for food & non-alcoholic beverages (12.73 percent vs 12.93 percent), transportation (8.81 percent vs 10.96 percent), housing & utilities (12.53 percent vs 14.95 percent), hotels, cafes & restaurants (10.92 percent vs 11.13 percent), clothing & footwear (10.34 percent vs 10.66 percent), and alcoholic beverages & tobacco (21.78 percent vs 22.41 percent). Meanwhile, miscellaneous goods & services inflation picked up to 21.90 percent from 19.80 percent.

Inflation Rate in Turkey averaged 34.42 percent from 1965 until 2020, reaching an all time high of 138.71 percent in May of 1980 and a record low of -4.01 percent in June of 1968. This page provides the latest reported value for - Turkey Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Turkish Statistical Institute

Inflation Rate in Turkey is expected to be 9.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Turkey to stand at 7.50 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 6.80 percent in 2021 and 5.70 percent in 2022, according to our econometric models.

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Turkey Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.76 12.62 138.71 -4.01 1965 - 2020 percent Monthly
2003=100


Calendar GMT Actual Previous Consensus TEForecast
2020-05-04 07:00 AM Apr 10.94% 11.86% 10.88% 10.5%
2020-06-03 07:00 AM May 11.39% 10.94% 11% 10.88%
2020-07-03 07:00 AM Jun 12.62% 11.39% 12.09% 12.25%
2020-08-04 07:00 AM Jul 11.76% 12.62% 12.1% 12%
2020-09-03 07:00 AM Aug 11.76%
2020-10-05 07:00 AM Sep 9%
2020-11-03 07:00 AM Oct
2020-12-03 07:00 AM Nov


News Stream
Turkey Inflation Rate Slows More than Expected in July
Turkey's consumer price inflation rate eased to 11.76 percent year-on-year in June 2020, from a ten-month high of 12.62 percent in the previous month and below market expectations of 12.1 percent, as the economy continued to emerge from the coronavirus-induced lockdown. Cost rose at a softer pace for food & non-alcoholic beverages (12.73 percent vs 12.93 percent), transportation (8.81 percent vs 10.96 percent), housing & utilities (12.53 percent vs 14.95 percent), hotels, cafes & restaurants (10.92 percent vs 11.13 percent), clothing & footwear (10.34 percent vs 10.66 percent), and alcoholic beverages & tobacco (21.78 percent vs 22.41 percent). Meanwhile, miscellaneous goods & services inflation picked up to 21.90 percent from 19.80 percent.
2020-08-04
Turkey Inflation Rate Climbs to 10-Month High
Turkey's consumer price inflation rate rose to 12.62 percent year-on-year in June 2020, the highest since August 2019 and above market expectations of 12.09 percent, as the economy re-opened from the coronavirus-induced restriction measures. Cost rose at a faster pace for food & non-alcoholic beverages (12.93 percent vs 12.87 percent), transportation (10.96 percent vs 6.69 percent), housing & utilities (14.95 percent vs 14.45 percent), hotels, cafes & restaurants (11.13 percent vs 10.94 percent), clothing & footwear (10.66 percent vs 7.68 percent), and alcoholic beverages & tobacco (22.41 percent vs 21.41 percent). Meanwhile, miscellaneous goods & services inflation slowed to 19.80 percent from 20.86 percent.
2020-07-03
Turkey Inflation Rate Picks Up in May
The annual inflation rate in Turkey increased to 11.39 percent in May of 2020 from 10.94 percent in the previous month and slightly above market expectations of 11 percent, mainly due to a weaker lira. Cost advanced faster for food, beverages & tobacco (12.87 percent vs 11.28 percent in April) and transportation (6.69 percent vs 5.54 percent) while prices of housing & utilities eased (14.45 percent vs 14.52 percent). The annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, rose to 10.3 percent from 9.93 percent in April. On a monthly basis, consumer prices went up 1.36 percent, after increasing 0.85 percent in the prior month.
2020-06-03
Turkey Inflation Rate Slows to 5-Month Low of 10.94%
The annual inflation rate in Turkey dropped to 10.94 percent in April 2020 from 11.86 percent in the previous month but above market expectations of 10.88 percent. It was the lowest reading since November last year, as prices eased mainly for transport (5.54 percent vs 8.79 percent in March) amid a drop in global oil prices and housing & utilities (14.52 percent vs 15.31 percent). On the other hand, cost of food & non-alcoholic beverages rose further (11.28 percent vs 10.05 percent). Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, declined to 9.93 percent from a seven-month high of 11.65 percent in March. On a monthly basis, consumer prices went up 0.85 percent, after increasing 0.57 percent in the prior month.
2020-05-04

Turkey Inflation Rate
In Turkey, the most important categories in the consumer price index are food and non-alcoholic beverages (23.7 percent of total weight); housing, water, electricity, gas and other fuels (15.9 percent of total weight) and transportation (14.3 percent). Others include: furnishings, household equipment and routine maintenance (8 percent); hotels, cafes and restaurants (7.5 percent); clothing and footwear (7.4 percent); alcoholic beverages and tobacco (5 percent). The index also includes miscellaneous goods and services (4.7 percent); communication (4.4 percent); recreation and culture (3.8 percent); health (2.7 percent) and education (2.6 percent).