Turkey Inflation Rate  1965-2018 | Data | Chart | Calendar | Forecast

The Turkish consumer price inflation climbed to 24.52 percent year-on-year in September 2018, the highest level since August 2003, as the impact of a currency crisis continued to hurt the economy. The sharp increase in inflation came in despite a 625 bps hike in interest rates on September 13th. Inflation Rate in Turkey averaged 35.08 percent from 1965 until 2018, 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.

Turkey Inflation Rate
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Turkish Inflation Rate Jumps to 15-Year High


The Turkish consumer price inflation climbed to 24.52 percent year-on-year in September 2018, the highest level since August 2003, as the impact of a currency crisis continued to hurt the economy. The sharp increase in inflation came in despite a 625 bps hike in interest rates on September 13th.

Main upward pressure came from: food and non-alcoholic beverages (27.70 percent vs 19.75 percent in August); transportation (36.61 percent vs 27.13 percent); housing and utilities (21.84 percent vs 16.30 percent); furnishing and household equipment (37.28 percent vs 23.76 percent); hotels, cafes and restaurants (19.09 percent vs 14.83 percent); clothing and footwear (17.16 percent vs 13.59 percent); alcoholic beverages and tobacco (1.88 percent vs 1.81 percent); and miscellaneous goods and services (30.61 percent vs 23.23 percent).

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, rose to an all-time high of 24.05 percent in September from 17.22 percent in the previous month.

On a monthly basis, consumer prices jumped 6.30 percent in September, far above market expectations of a 3.60 percent climb and following a 2.3 percent rise in August. The sharpest increases were recorded for furnishing and household equipment (11.41 percent), transportation (9.15 percent), miscellaneous goods and services (7.42 percent), recreation and culture (6.62 percent) and food and non-alcoholic beverages (6.40 percent).


Turkish Statistical Institute | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/3/2018 10:19:00 AM


Recent Releases

Turkish Inflation Rate Hits New 14-1/2-Year High
The Turkish consumer price inflation rose to 17.90 percent year-on-year in August 2018 from 15.85 percent in the previous month, and below market expectations of 21.50 percent. Still, inflation remained well above the central bank's target of 5 percent and hit the highest level since December 2003 as the lira slumped to fresh record lows amid a currency crisis.
Published on 2018-09-03

Turkey Inflation Rate Highest Since 2004
The annual inflation rate in Turkey increased to 15.85 percent in July of 2018 from 15.35 percent in June. It was the highest inflation rate since January of 2004, mainly boosted by higher prices of food and non-alcoholic beverages and housing and utilities.
Published on 2018-08-03

Turkish Inflation Rate Jumps to 14-1/2-Year High
Turkish consumer price inflation rose to 15.39 percent year-on-year in June 2018 from 12.15 percent in the previous month. The inflation came in way above the central bank's target of 5 percent and hit the highest level since January 2004 on the back of persistent currency weakness.
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Turkish Inflation Rate Rises to 6-Month High
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Published on 2018-06-04



Calendar GMT Actual Previous Consensus TEForecast
2018-08-03 07:00 AM Inflation Rate YoY 15.85% 15.39% 15.5%
2018-09-03 07:00 AM Inflation Rate YoY 17.9% 15.85% 21.5% 17.5%
2018-10-03 07:00 AM Inflation Rate YoY 24.52% 17.9% 19.5%
2018-11-05 07:00 AM Inflation Rate YoY 24.52% 25.8%
2018-12-03 07:00 AM Inflation Rate YoY 22.5%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 24.52 17.90 138.71 -4.01 percent [+]
Inflation Rate Mom 6.30 2.30 6.30 -1.43 percent [+]
Consumer Price Index CPI 390.84 367.66 390.84 94.77 Index Points [+]
Core Consumer Prices 338.52 317.09 338.52 94.47 Index Points [+]
Core Inflation Rate 24.05 17.22 24.05 2.50 percent [+]
GDP Deflator 172.50 158.20 186.10 59.40 Index Points [+]
Producer Prices 439.78 396.62 439.78 0.01 Index Points [+]
Producer Prices Change 46.15 32.13 139.90 -3.75 percent [+]
Export Prices 94.04 95.79 128.12 58.61 Index Points [+]
Import Prices 92.41 92.74 127.41 45.77 Index Points [+]
Food Inflation 27.70 19.75 27.70 1.38 percent [+]
Harmonised Consumer Prices 140.91 137.74 140.91 1.20 Index Points [+]
Cpi Housing Utilities 424.11 401.77 424.11 96.79 Index Points [+]
CPI Transportation 419.21 384.08 419.21 94.61 Index Points [+]


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). 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 - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
24.52 17.90 138.71 -4.01 1965 - 2018 percent Monthly
2003=100




inflation rate by Country
Country Last
Argentina 40.50 Sep/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.20 Sep/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.40 Sep/18
Japan 1.20 Sep/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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