Consumer prices in Turkey jumped 15.61 percent year-on-year in February of 2021, above 14.97 percent in January and market forecasts of 15.39 percent. It is the highest inflation rate since July of 2019 with transportation (22.47 percent), miscellaneous goods and services (20.61 percent), food and non-alcoholic beverages (18.4 percent) and health (18.11 percent) recording the biggest increases. On a monthly basis, consumer prices rose 0.9 percent, below 1.68 percent in January but above forecasts of 0.7 percent. source: Turkish Statistical Institute
Inflation Rate in Turkey averaged 34.21 percent from 1965 until 2021, 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 2021.
Inflation Rate in Turkey is expected to be 11.90 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 9.50 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 7.80 percent in 2022 and 5.10 percent in 2023, according to our econometric models.