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

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. Inflation Rate in Turkey averaged 35.12 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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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.

Year-on-year, cost rose faster for food and non-alcoholic beverages (19.40 percent compared to 18.89 in June); housing and utilities (12.78 percent compared to 12.04 percent); furnishing, household equipment, routine maintenance of the house (20.32 percent compared to 18.91 percent); hotels, cafes and restaurants (13.86 percent compared to 13.30 percent); clothing and footwear (11.85 percent compared to 11.34 percent); alcoholic beverages and tobacco (1.43 percent compared to 1.06 percent); miscellaneous goods and services (17.24 percent compared to 16.79 percent); communication (4.69 percent compared to 4.94 percent); recreation and culture (9.67 percent compared to 9.39 percent); education (10.81 percent compared to 10.79 percent) and health (11.78 percent compared to 10.83 percent).

On the other hand, cost of transportation eased to 24.21 percent in July from 24.26 percent in June.  

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, edged up to an all-time high of 15.01 percent in July from 14.60 percent in the prior month.

On a monthly basis, consumer prices advanced 0.55 percent in July, slowing from a 2.61 percent in the previous month and below market expectations of a 0.9 percent gain. Cost fell for food and non-alcoholic beverages (-0.28 percent compared to 5.98 percent) and communication (-0.11 percent compared to 4.76 percent) and prices went up at a softer pace for transportation (1.09 percent compared to 2.66 percent); furnishing and household equipment (1.82 percent compared to 2.24 percent) and recreation and culture (1.62 percent compared to 2.16 percent).


Turkish Statistical Institute | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/3/2018 7:20:20 AM


Recent Releases

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.
Published on 2018-07-03

Turkish Inflation Rate Rises to 6-Month High
Turkish consumer price inflation jumped to a six-month high of 12.15 percent year-on-year in May 2018 from 10.85 percent in the previous month. Also, May's rate was the second-highest since February 2004.
Published on 2018-06-04

Turkey April Inflation Rate Picks Up to 4-Month High
Consumer price inflation in Turkey jumped 10.85 percent year-on-year in April of 2018, up from 10.23 percent in March and reaching its highest since December.
Published on 2018-05-03

Turkish March Inflation Rate Lowest in 8 Months
Consumer prices in Turkey rose 10.23 percent year-on-year in March of 2018, easing slightly from a 10.26 percent increase in the prior month. The inflation rate remained at its lowest level since July.
Published on 2018-04-03



Calendar GMT Actual Previous Consensus TEForecast
2018-06-04 07:00 AM Inflation Rate YoY 12.15% 10.85% 11.5%
2018-07-03 07:00 AM Inflation Rate YoY 15.39% 12.15% 12.5%
2018-08-03 07:00 AM Inflation Rate YoY 15.85% 15.39% 15.5%
2018-09-03 07:00 AM Inflation Rate YoY 15.85% 14.9%
2018-10-03 07:00 AM Inflation Rate YoY 14.4%
2018-11-05 07:00 AM Inflation Rate YoY 14%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 15.85 15.39 138.71 -4.01 percent [+]
Inflation Rate Mom 0.55 2.61 3.27 -1.43 percent [+]
Consumer Price Index CPI 359.41 357.44 359.41 94.77 Index Points [+]
Core Consumer Prices 309.82 306.98 309.82 94.47 Index Points [+]
Core Inflation Rate 15.10 14.60 15.10 2.50 percent [+]
GDP Deflator 158.60 185.90 185.90 59.40 Index Points [+]
Producer Prices 372.06 365.60 372.06 0.01 Index Points [+]
Producer Prices Change 25.00 23.71 139.90 -3.75 percent [+]
Export Prices 97.05 96.79 128.12 58.61 Index Points [+]
Import Prices 93.27 94.04 127.41 45.77 Index Points [+]
Food Inflation 19.40 18.89 19.40 1.38 percent [+]
Harmonised Consumer Prices 137.74 136.99 137.74 1.20 Index Points [+]
CPI Transportation 367.71 363.74 367.71 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
15.85 15.39 138.71 -4.01 1965 - 2018 percent Monthly
2003=100




inflation rate by Country
Country Last
Australia 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 3.00 Jul/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.50 Jul/18
United States 2.90 Jul/18


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