Turkey Inflation Rate  1965-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Turkey increased by 11.29 percent year-on-year in March of 2017, following a 10.13 percent rise in the previous month. It was the highest inflation since October 2008, as cost of food and housing went up at a faster pace. On monthly basis consumer prices rose by 1.02 percent, compared to a 0.81 percent increase in February while market expected a 0.6 percent rise. Inflation Rate in Turkey averaged 35.72 percent from 1965 until 2017, 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-03 07:00 AM Jan 9.22% 8.53% 8.9% 8.69%
2017-03-03 07:00 AM Feb 10.13% 9.22% 9.6% 9.8%
2017-04-03 07:00 AM Mar 11.29% 10.13% 10.34%
2017-05-03 07:00 AM Apr 11.29% 11.89%
2017-06-05 07:00 AM May 9.98%
2017-07-03 07:00 AM Jun 9.65%




Turkish Inflation Rate At Near 8-1/2 Year High In March


Consumer prices in Turkey increased by 11.29 percent year-on-year in March of 2017, following a 10.13 percent rise in the previous month. It was the highest inflation since October 2008, as cost of food and housing went up at a faster pace.

Year-on-year, prices rose at a faster pace for: food and non-alcoholic beverages (12.53 percent from 8.72 percent in February), housing and utilities (7.71 percent from 7.42 percent).

Additional upward pressure came from: transportation (17.69 percent from 17.96 percent), hotels, cafes and restaurants (8.71 percent from 8.66 percent); furnishing, household equipment, routine maintenance of the house (5.33 percent from 4.93 percent), health (13.28 percent  from 12.53 percent), clothing and footwear (8.52 percent from 6.77 percent). communication (4.47  from 4.36 percent), recreation and culture ( 9.30 percent from 7.32 percent), education ( 9.84 percent  from 9.33 percent), micellaneous goods and services (12.51 percent  from 12.82 percent), and alcoholic beverages and tobacco (21.71  from 21.72 percent)

On a monthly basis, consumer prices went up 1.02 percent, compared to a 0.81 percent rise a month earlier and above market expectations of a 0.60 percent rise.
 

Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
4/3/2017 7:59:31 AM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 11.29 10.13 138.71 -4.01 percent [+]
Inflation Rate Mom 1.02 0.81 3.27 -1.43 percent [+]
Consumer Price Index CPI 305.24 302.17 305.24 94.77 Index Points [+]
Core Consumer Prices 115.63 114.26 115.63 1.34 Index Points [+]
Core Inflation Rate 9.70 8.90 93.70 3.00 percent [+]
GDP Deflator 1590.79 1573.03 1590.79 86.57 Index Points [+]
Producer Prices 291.58 288.59 291.58 0.01 Index Points [+]
Producer Prices Change 16.09 15.36 139.90 -3.75 percent [+]
Export Prices 91.34 91.44 128.12 58.61 Index Points [+]
Import Prices 85.63 84.85 127.41 45.77 Index Points [+]
Food Inflation 12.53 8.72 17.08 1.38 percent [+]
Harmonised Consumer Prices 116.98 115.80 116.98 1.20 Index Points [+]
Cpi Transportation 294.89 293.26 294.89 94.61 Index Points [+]


Turkey Inflation Rate Notes

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
11.29 10.13 138.71 -4.01 1965 - 2017 percent Monthly
2003=100



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