Turkey Inflation Rate 1965-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Turkey was recorded at 7.24 percent in January of 2015. Inflation Rate in Turkey averaged 36.96 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. Inflation Rate in Turkey is reported by the Turkish Statistical Institute.

      Forecast    
Turkey Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.24 8.17 138.71 -4.01 1965 - 2015 percent Monthly
2003=100
In Turkey, the most important categories in the consumer price index are food and non-alcoholic beverages (24.5 percent of total weight); housing, water, electricity, gas and other fuels (16.4 percent of total weight) and transportation (15.5 percent). Others include: furnishings, household equipment and routine maintenance (7.5 percent); clothing and footwear (7.2 percent); hotels, cafes and restaurants (6.6 percent); alcoholic beverages and tobacco (5.3 percent). The index also includes communication (4.7 percent); miscellaneous goods and services (4.3 percent); recreation and culture (3.4 percent); health (2.4 percent) and education (2.3 percent). This page provides - Turkey Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Turkey Inflation Rate - was last refreshed on Friday, February 27, 2015.


Turkish Inflation Eases to 14-Month Low in January


Turkish annual inflation rate eased to 7.24 percent in January of 2015 from 8.17 percent in the previous month. It is the lowest figure since November 2013, as prices of services, food and clothing and footwear slowed while cost of transportation fell.

Year-on-year, the highest annual increases in January were recorded for: hotels, cafes and restaurants (+13.06 percent from +13.98 percent in December); food and non-alcoholic beverages (+10.97 percent from +12.73 percent); miscellaneous goods and services (+9.77 percent from +9.68 percent); clothing and footwear (+9.14 percent from +8.43 percent); furnishing, household equipment (+8.54 percent from 8.06 percent); health (+8.3 percent from 8.62 percent) and housing, water, electricity, gas and other fuels (+7.50 percent from 6.83 percent). In contrast, cost of transportation declined by 0.99 percent from a 2.07 percent increase in the preceding month.

On a monthly basis, consumer prices accelerated 1.10 percent after a 0.44 percent drop in December of 2014. Upward pressures came from alcoholic beverages and tobacco (+4.19 percent), food and non-alcoholic beverages (+3.52 percent), miscellaneous goods and services (+2.52 percent), furnishings and household equipment (+2.01 percent) and recreation and culture (+1.64 percent). In contrast, prices declined for clothing and footwear (-6.98 percent) and transportation (-0.56 percent).

Turkstat l Rida Husna l rida@tradingeconomics.com
2/3/2015 9:12:14 AM


Recent Releases

Turkey Inflation Rate Slows in December
Turkish annual inflation rate eased to 8.17 percent in December of 2014 from 9.15 percent in the previous month. It is the lowest figure since March of 2014, due to a slowdown in food cost. Published on 2015-01-05

Turkish Inflation Rate Quickens in November
Turkish annual inflation rate accelerated to 9.15 percent in November of 2014 from 8.96 percent in the previous month, as prices of food; hotels, cafes and restaurants continued to increase. Published on 2014-12-03


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-03 08:00 AM
Inflation Rate YoY  Nov
9.15% 8.96% 9% 9%
2015-01-05 08:00 AM
Inflation Rate YoY  DEC
8.17% 9.15% 8.91%
2015-02-03 08:00 AM
Inflation Rate YoY  Jan
7.24% 8.17% 8.01%
2015-03-03 08:00 AM
Inflation Rate YoY  Feb
7.24% 7.03%
2015-04-03 08:00 AM
Inflation Rate YoY  Mar
7.01%
2015-05-04 08:00 AM
Inflation Rate YoY  Apr
7.04%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 7.24 8.17 138.71 -4.01 percent [+]
Inflation Rate Mom 1.10 -0.44 3.27 -1.43 percent [+]
Consumer Price Index CPI 250.45 247.72 250.45 94.77 Index Points [+]
GDP Deflator 1376.84 1380.97 1392.42 86.57 Index Points [+]
Producer Prices 236.61 235.84 239.97 0.01 Index Points [+]
Producer Prices Change 3.28 6.36 139.90 -3.75 percent [+]
Export Prices 103.07 104.18 128.12 58.61 Index Points [+]
Import Prices 100.38 103.08 127.41 45.77 Index Points [+]
Food Inflation 10.97 12.73 17.08 1.76 percent [+]
Core Consumer Prices 186.43 186.95 186.95 2.62 Index Points [+]
Core Inflation Rate 8.80 9.00 93.70 3.00 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany 0.10 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.20 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]