Turkey's annual inflation rate dropped to 8.55 percent in October 2019 from 9.26 percent in the previous month. It was the lowest rate since December 2016, mainly due to a slowdown in food and housing inflation. Inflation Rate in Turkey averaged 34.74 percent from 1965 until 2019, 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. source: Turkish Statistical Institute

Inflation Rate in Turkey is expected to be 11.50 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 9.10 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 5.70 percent in 2020, according to our econometric models.

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Turkey Inflation Rate
Calendar GMT Actual Previous Consensus TEForecast
2019-08-05 07:00 AM Inflation Rate YoY Jul 16.65% 15.72% 16.9% 16%
2019-09-03 07:00 AM Inflation Rate YoY Aug 15.01% 16.65% 15.51% 15.7%
2019-10-03 07:00 AM Inflation Rate YoY Sep 9.26% 15.01% 15.51% 9.4%
2019-11-04 07:00 AM Inflation Rate YoY Oct 8.55% 9.26% 8.6% 8.4%
2019-12-03 07:00 AM Inflation Rate YoY Nov 8.55% 8.5%



Turkish Inflation Rate at Near 3-Year Low

Turkey's annual inflation rate dropped to 8.55 percent in October 2019 from 9.26 percent in the previous month. It was the lowest rate since December 2016, mainly due to a slowdown in food and housing inflation.

Inflation slowed for: food & non-alcoholic beverages (7.85 percent vs 9.52 percent in September); housing, water, electricity, gas & other fuels (9.70 percent vs 10.34 percent); furnishing, household equipment, routine maintenance of the house (6.06 percent vs 8.66 percent); hotels, cafes & restaurants (13.71 percent vs 14.87 percent); clothing & footwear (1.90 percent vs 2.85 percent); and miscellaneous goods and services (13.43 percent vs 14.98 percent).

Meanwhile, transport prices increased 1.36 percent, rebounding from a 0.66 percent fall in the previous month.

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, eased to 6.67 percent in October from 7.54 percent in September. That was the lowest rate since August 2013.

On a monthly basis, consumer prices jumped 2 percent, following a 0.99 percent rise in September. The highest monthly price increase was recorded for clothing & footwear (11.70 percent), followed by housing, water, electricity, gas & other fuels (3.55 percent), food and non-alcoholic beverages (1.65 percent), communication (1.43 percent), and transportation (1.17 percent).


Turkish Statistical Institute | Chusnul Ch Manan | chusnul@tradingeconomics.com
11/4/2019 10:19:05 AM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 8.55 9.26 138.71 -4.01 percent [+]
Inflation Rate Mom 2.00 0.99 6.30 -1.44 percent [+]
Consumer Price Index CPI 435.59 427.04 435.59 94.77 Index Points [+]
Core Consumer Prices 370.53 364.05 370.53 94.47 Index Points [+]
Core Inflation Rate 6.67 7.54 24.34 2.50 percent [+]
GDP Deflator 170.70 154.80 186.00 59.40 Index Points [+]
Producer Prices 451.31 450.55 457.16 0.01 Index Points [+]
Producer Prices Change 1.70 2.45 139.90 -3.75 percent [+]
Export Prices 90.47 90.64 128.12 58.61 Index Points [+]
Import Prices 87.33 87.61 127.41 45.77 Index Points [+]
Food Inflation 7.85 9.52 31.86 1.38 percent [+]
Harmonised Consumer Prices 166.95 163.67 166.95 1.20 Index Points [+]
Cpi Housing Utilities 484.55 467.95 484.55 96.79 Index Points [+]
CPI Transportation 421.32 416.46 421.32 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 November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.55 9.26 138.71 -4.01 1965 - 2019 percent Monthly
2003=100




Country Last Previous
Argentina 50.50 Oct/19 53.5
Australia 1.70 Sep/19 1.6
Brazil 2.54 Oct/19 2.89
Canada 1.90 Sep/19 1.9
China 3.80 Oct/19 3
Euro Area 0.70 Oct/19 0.8
France 0.80 Oct/19 0.9
Germany 1.10 Oct/19 1.2
India 4.62 Oct/19 3.99
Indonesia 3.13 Oct/19 3.39
Italy 0.20 Oct/19 0.3
Japan 0.20 Sep/19 0.3
Mexico 3.02 Oct/19 3
Netherlands 2.70 Oct/19 2.6
Russia 3.80 Oct/19 4
Saudi Arabia -0.30 Oct/19 -0.7
Singapore 0.50 Sep/19 0.5
South Africa 4.10 Sep/19 4.3
South Korea 0.00 Oct/19 -0.4
Spain 0.10 Oct/19 0.1
Switzerland -0.30 Oct/19 0.1
Turkey 8.55 Oct/19 9.26
United Kingdom 1.50 Oct/19 1.7
United States 1.80 Oct/19 1.7


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