The annual inflation rate in Turkey accelerated for the 9th consecutive month to 54.44% in February of 2022, the highest rate since March of 2002 and above market forecasts of 52.95%. It compares with a much lower rate of 15.61% a year earlier, as the lira remains weak. Transportation prices recorded the biggest increase (75.75%), followed by furnishings and household equipment (64.83%), food and non-alcoholic beverages (64.47%), miscellaneous goods and services (55.78%), hotels, cafes and restaurants (55.20%), and housing, water, electricity, gas and other fuels (49.72%). On a monthly basis, consumer prices rose 4.81%. source: Turkish Statistical Institute

Inflation Rate in Turkey averaged 34.05 percent from 1965 until 2022, 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 March of 2022.

Inflation Rate in Turkey is expected to be 60.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Inflation Rate is projected to trend around 21.50 percent in 2023 and 12.50 percent in 2024, according to our econometric models.

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Turkey Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-03 07:00 AM Jan 48.69% 36.08% 46.68% 46.4%
2022-03-03 07:00 AM Feb 54.44% 48.69% 52.95% 53.4%
2022-04-05 07:00 AM Mar 54.44%


Related Last Unit Reference
Inflation Rate 54.44 percent Feb 2022
Inflation Rate Mom 4.81 percent Feb 2022
Consumer Price Index CPI 799.93 points Feb 2022
Core Inflation Rate 44.05 percent Feb 2022
Core Consumer Prices 623.30 points Feb 2022
GDP Deflator 222.40 points Dec 2021
Producer Prices 1210.60 points Feb 2022
Producer Prices Change 105.01 percent Feb 2022
Export Prices 104.22 points Dec 2021
Import Prices 125.89 points Dec 2021
Food Inflation 55.61 percent Jan 2022
CPI Transportation 919.45 points Feb 2022
CPI Housing Utilities 828.85 points Feb 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
54.44 48.69 138.71 -4.01 1965 - 2022 percent Monthly
2003=100

News Stream
Turkish Inflation Rate Highest Since 2002
The annual inflation rate in Turkey accelerated for the 9th consecutive month to 54.44% in February of 2022, the highest rate since March of 2002 and above market forecasts of 52.95%. It compares with a much lower rate of 15.61% a year earlier, as the lira remains weak. Transportation prices recorded the biggest increase (75.75%), followed by furnishings and household equipment (64.83%), food and non-alcoholic beverages (64.47%), miscellaneous goods and services (55.78%), hotels, cafes and restaurants (55.20%), and housing, water, electricity, gas and other fuels (49.72%). On a monthly basis, consumer prices rose 4.81%.
2022-03-03
Turkey Inflation Rate Jumps to Nearly 49%
The annual inflation rate in Turkey accelerated for the 8th consecutive month to 48.69% in January of 2022, the highest rate since April of 2002 and above market forecasts of 46.68%. It compares with a much lower rate of 14.91% a year earlier, as the lira remains weak. Transportation prices recorded the biggest increase (68.9%), followed by food and non-alcoholic beverages (55.6%) and furnishings and household equipment (54.53%). On a monthly basis, consumer prices surged 11.1%.
2022-02-03
Turkish Inflation Rate Surges to 19-Year High
Turkey's consumer price inflation jumped to 36.08 percent year-on-year in December 2021, up from 21.31 percent in the previous month and well above market expectations of 30.6 percent. It was the highest rate since September 2002, as the lira went into a free fall following the central bank's decision to slash interest rates amid soaring prices. Main upward pressure came from food and non-alcoholic beverages (43.80 percent vs 27.11 percent in November), transportation (53.66 percent vs 22.74 percent), housing and utilities (28.57 percent vs 23.78 percent), furnishing and household equipment (40.95 percent vs 25.14 percent), hotels, cafes and restaurants (40.85 percent vs 28.90 percent), and clothing and footwear (20.13 percent vs 8.33 percent). The annual core inflation rate rose to an all-time high of 31.88 percent in December. On a monthly basis, consumer prices surged 13.58 percent, the largest monthly increase on record.
2022-01-03