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

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, mainly due to rising prices of food & non-alcoholic beverages, transportation and housing & utilities. Inflation Rate in Turkey averaged 35.18 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 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.

Year-on-year, prices went up at a faster pace for: food and non-alcoholic beverages (11.00 percent vs 8.81 percent in April); transportation (20.02 percent vs 16.45 percent); housing and utilities (11.24 percent vs 10.63 percent); furnishing, household equipment, routine maintenance of the house (16.87 percent vs 16.75 percent); hotels, cafes and restaurants (12.51 percent vs 11.88 percent); alcoholic beverages and tobacco (1.05 percent vs 0.90 percent); miscellaneous goods and services (15.38 percent vs 12.03 percent); education (11.01 percent vs 10.86 percent); and health (10.09 percent vs 9.97 percent).
Meanwhile, inflation slowed for both clothing and footwear (11.23 percent vs 12.03 percent) and recreation and culture (6.93 percent vs 8.18 percent), while prices of communication continued to fall (-0.22 percent vs -0.06 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 12.64 percent in May from 12.24 percent in April.

On a monthly basis, consumer prices went up 1.62 percent in May, easing from a 1.87 percent jump in April, but beating market expectations of a 1.45 percent gain. The sharpest increases were recorded for clothing and footwear (5.21 percent), transportation (2.32 percent), miscellaneous goods and services (2.06 percent), hotels, cafes and restaurants (1.45 percent), and food and non-alcoholic beverages (1.45 percent).


Turkish Statistical Institute | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/4/2018 7:38:33 AM


Recent Releases

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

Turkish Inflation Rate Eases to 7-Month Low
Consumer prices in Turkey increased 10.26 percent year-on-year in February 2018, easing from a 10.35 percent gain in the previous month. It was the lowest inflation rate since July, as prices rose at a slower pace for housing and transportation.
Published on 2018-03-05

Turkish Inflation Rate at 6-Month Low
Consumer prices in Turkey increased 10.35 percent year-on-year in January 2018, easing from a 11.92 percent gain in the previous month. It was the lowest inflation rate since July, as prices rose at a slower pace for food and transportation.
Published on 2018-02-05



Calendar GMT Actual Previous Consensus TEForecast
2018-04-03 07:00 AM Inflation Rate YoY 10.23% 10.26% 9.8%
2018-05-03 07:00 AM Inflation Rate YoY 10.85% 10.23% 9.8%
2018-06-04 07:00 AM Inflation Rate YoY 12.15% 10.85% 11.5%
2018-07-03 07:00 AM Inflation Rate YoY 12.15% 12.5%
2018-08-03 07:00 AM Inflation Rate YoY 12.9%
2018-09-03 07:00 AM Inflation Rate YoY 12.1%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 12.15 10.85 138.71 -4.01 percent [+]
Inflation Rate Mom 1.62 1.87 3.27 -1.43 percent [+]
Consumer Price Index CPI 348.34 342.78 348.34 94.77 Index Points [+]
Core Consumer Prices 301.51 296.48 301.51 94.47 Index Points [+]
Core Inflation Rate 12.64 12.24 12.64 2.50 percent [+]
GDP Deflator 158.60 185.90 185.90 59.40 Index Points [+]
Producer Prices 354.85 341.88 354.85 0.01 Index Points [+]
Producer Prices Change 20.16 16.37 139.90 -3.75 percent [+]
Export Prices 98.50 97.98 128.12 58.61 Index Points [+]
Import Prices 93.66 92.58 127.41 45.77 Index Points [+]
Food Inflation 11.00 8.81 17.08 1.38 percent [+]
Harmonised Consumer Prices 131.37 128.96 131.37 1.20 Index Points [+]
CPI Transportation 354.31 346.28 354.31 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
12.15 10.85 138.71 -4.01 1965 - 2018 percent Monthly
2003=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.86 May/18
Canada 2.20 Apr/18
China 1.80 May/18
Euro Area 1.90 May/18
France 2.00 May/18
Germany 2.20 May/18
India 4.87 May/18
Indonesia 3.23 May/18
Italy 1.00 May/18
Japan 0.60 Apr/18
Mexico 4.51 May/18
Netherlands 1.70 May/18
Russia 2.40 May/18
South Korea 1.50 May/18
Spain 2.10 May/18
Switzerland 1.00 May/18
Turkey 12.15 May/18
United Kingdom 2.40 May/18
United States 2.80 May/18


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