Turkey Inflation Rate

The inflation rate in Turkey was recorded at 8.39 percent in March of 2014. Inflation Rate in Turkey is reported by the Turkish Statistical Institute. Inflation Rate in Turkey averaged 37.39 Percent from 1965 until 2014, 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. In Turkey, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page provides - Turkey Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.39 7.89 138.71 -4.01 7.66 | 2014/04 1965 - 2014 Percent Monthly
2003=100

TO

Turkey Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-03 08:00 AM Turkey
Inflation Rate YoY
DEC 2013 7.4% 7.3%
2014-02-03 08:00 AM Turkey
Inflation Rate YoY
Jan 2014 7.48% 7.4% 7.48%
2014-03-03 08:00 AM Turkey
Inflation Rate YoY
Feb 2014 7.89% 7.75% 7.54%
2014-04-03 08:00 AM Turkey
Inflation Rate YoY
Mar 2014 8.39% 7.89% 8.14% 7.61%
2014-05-05 08:00 AM Turkey
Inflation Rate YoY
Apr 2014 8.39% 7.66%
2014-06-03 08:00 AM Turkey
Inflation Rate YoY
May 2014 4.54%
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Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 8.39 2014-03-31 7.89 138.71 -4.01 7.66 2014-04-30 Percent [+]
Consumer Price Index (CPI) 237.18 2014-03-15 234.54 237.18 94.77 239.04 2014-04-30 Index Points [+]
Export Prices 108.32 2014-02-15 109.32 128.12 58.61 109.79 2014-02-28 Index Points [+]
GDP Deflator 1297.44 2013-11-15 1260.40 1297.44 86.57 1311.60 2014-03-31 Index Points [+]
Import Prices 109.65 2014-02-15 108.72 127.41 45.77 109.71 2014-02-28 Index Points [+]
Inflation Rate Mom 1.13 2014-03-15 0.43 3.27 -1.43 0.68 2014-04-30 Percent [+]
Producer Prices 233.98 2014-03-15 232.27 233.98 0.01 235.68 2014-04-30 Index Points [+]
Producer Prices Change 12.31 2014-03-01 12.40 139.90 -3.75 10.71 2014-04-30 Percent [+]
[+]


Turkish Inflation Rate Rises Further in March

Turkey’s annual inflation rate accelerated to 8.39 percent in March of 2014, from 7.89 a year earlier and 7.29 percent recorded in February of 2014, as food and transportation costs edged up. This is the highest rate in eight months.

Upward pressures came from cost of transportation (13.74 percent) followed by hotels, cafes and restaurants (12.51 percent), food and non-alcoholic beverages (10.12 percent), education (9.98 percent), recreation and culture (7.97 percent).

On a month-on-month basis, the CPI increased by 1.13 percent, compared to a 0.43 percent rise in the previous month and 0.66 percent in the same month last year. 

The highest monthly increase was 2.49 percent for prices of clothing and footwear, followed by increases in food and non-alcoholic beverages (2.10 percent), hotels, cafes and restaurants (percent 1.33), miscellaneous goods and services (1.20 percent), furnishings and household equipment (0.90 percent). The only monthly decrease was 0.02 percent in alcoholic beverages and tobacco.

Turkstat | Isabel Felino | isabel.felino@tradingeconomics.com
4/3/2014 9:43:01 AM

RECENT RELEASES

Turkey Inflation Rate Edges Higher
In February of 2014, Turkish annual inflation rate accelerated for the third straight month to 7.89 percent from 7.75 percent in the previous month. On a monthly basis, prices decelerated to 0.43 percent, following a 1.98 percent rise a month earlier. Published on 2014-03-03

Turkish Inflation Rate Accelerates for Second Straight Month
In January of 2014, Turkey’s CPI accelerated for the second straight month to 7.75 percent due to higher transport, food and cigarette prices. Inflation has been on an upward trend in recent months driven by a weak lira and higher-than-expected global oil prices. Published on 2014-02-05


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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