Turkey Inflation Rate  1965-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Turkey increased 11.20 percent year-on-year in September of 2017, accelerating from a 10.68 percent rise in August. It was the highest inflation rate since May, as cost went up at a faster pace for food and housing. Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, increased to 10.89 percent in September, its highest level since February 2004, from 10.16 percent in August. On a monthly basis, consumer prices rose 0.65 percent, below market expectations of 0.76 percent. Inflation Rate in Turkey averaged 35.48 percent from 1965 until 2017, 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 Rises to 4-Month High in September


Consumer prices in Turkey increased 11.20 percent year-on-year in September of 2017, accelerating from a 10.68 percent rise in August. It was the highest inflation rate since May, as cost went up at a faster pace for food and housing.

Year-on-year, prices went up at a faster pace for: Food and non-alcoholic beverages (12.50 percent from 11.97 percent in August); housing and utilities (8.13 percent from 7.76 percent); hotels; cafes and restaurants (11.45 percent from 11.07 percent); clothing and footwear (10.35 percent from 5.65 percent); furnishing, household equipment, routine maintenance of the house (9.09 percent from 8.73 percent); education (10.41 percent from 10.30 percent); miscellaneous goods and services (12.06 percent from 10.89 percent); communication (1.78 percent from 1.77 percent); health (11.90 percent from 11.66 percent), and recreation and culture (11.85 percent from 11.19 percent).
 
On the other hand, prices rose less for transportation (16.10 percent from 17.38 percent), while inflation was steady for alcoholic beverages and tobacco (at 10.40 percent).

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, increased to 10.89 percent in September, its highest level since February 2004, from 10.16 percent in August.
 
On a monthly basis, consumer prices went up 0.65 percent in September, following a 0.52 percent rise in August and missing market expectations of 0.76 percent. It was the highest inflation rate since June. The highest increases were recorded for cost of education (2.08 percent); transportation (1.58 percent); miscellaneous goods and services (1.34 percent), hotels, cafes, and restaurant (1.02 prercent), and clothing and footwear (0.80 percent). By contrast, food prices fell 0.23 percent.

Turkish Statistical Institute l Chusnul Ch Manan| chusnul@tradingeconomics.com
10/3/2017 8:56:19 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-03 07:00 AM Inflation Rate YoY 9.79% 10.9% 9.90% 10.23%
2017-09-05 07:00 AM Inflation Rate YoY 10.68% 9.79% 10.2% 8.75%
2017-10-03 07:00 AM Inflation Rate YoY 11.2% 10.68% 10.2%
2017-11-03 07:00 AM Inflation Rate YoY 11.2% 7.69%
2017-12-04 07:00 AM Inflation Rate YoY 6.97%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 11.20 10.68 138.71 -4.01 percent [+]
Inflation Rate Mom 0.65 0.52 3.27 -1.43 percent [+]
Consumer Price Index CPI 313.88 311.85 313.88 94.77 Index Points [+]
Core Consumer Prices 272.89 270.50 272.89 94.47 Index Points [+]
Core Inflation Rate 10.89 10.16 12.09 2.50 percent [+]
GDP Deflator 163.60 147.50 173.40 59.40 Index Points [+]
Producer Prices 300.90 300.18 300.90 0.01 Index Points [+]
Producer Prices Change 16.28 16.34 139.90 -3.75 percent [+]
Export Prices 94.56 93.81 128.12 58.61 Index Points [+]
Import Prices 88.60 87.62 127.41 45.77 Index Points [+]
Food Inflation 12.50 11.97 17.08 1.38 percent [+]
Harmonised Consumer Prices 120.29 119.51 120.29 1.20 Index Points [+]
CPI Transportation 306.87 302.11 306.87 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
11.20 10.68 138.71 -4.01 1965 - 2017 percent Monthly
2003=100




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.54 Sep/17
Canada 1.60 Sep/17
China 1.60 Sep/17
Euro Area 1.50 Sep/17
France 1.00 Sep/17
Germany 1.80 Sep/17
India 3.28 Sep/17
Indonesia 3.72 Sep/17
Italy 1.10 Sep/17
Japan 0.70 Aug/17
Mexico 6.35 Sep/17
Netherlands 1.50 Sep/17
Russia 3.00 Sep/17
South Korea 2.10 Sep/17
Spain 1.80 Sep/17
Switzerland 0.70 Sep/17
Turkey 11.20 Sep/17
United Kingdom 3.00 Sep/17
United States 2.20 Sep/17