Turkey Inflation Rate  1965-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Turkey went up by 6.57 percent year-on-year in April of 2016, following a 7.46 percent rise in March and below market expectation of 6.83 percent increase. It was the lowest figure since May 2013 as cost of food increased at a slower pace. Main contributors to the rise: food and non-alcoholic beverages (1.38 percent from 4.58 percent in March); housing, water, electricity, gas and other fuels (6.59 percent from 6.63 percent) and transportation (6.41 percent from 6.19 percent). Month-on-month, consumer prices edged up by 0.78 percent compared to a 0.04 percent decrease in the previous month. Inflation Rate in Turkey averaged 36.21 percent from 1965 until 2016, 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.

Turkey Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
6.57 7.46 138.71 -4.01 1965 - 2016 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 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-03 08:00 AM Feb 8.78% 9.58% 9.35% 9.2%
2016-04-04 07:00 AM Mar 7.46% 8.78% 9.5%
2016-05-03 07:00 AM Apr 6.57% 7.46% 6.83% 8.1%
2016-06-03 07:00 AM May 6.57% 6.82%
2016-07-04 07:00 AM Jun 9.28%
2016-08-03 07:00 AM Jul 9.15%

Turkish Inflation Rate at Nearly 3-Year Low


Consumer prices in Turkey went up by 6.57 percent year-on-year in April of 2016, following a 7.46 percent rise in March and below market expectation of 6.83 percent increase. It is the lowest figure since May 2013 as cost of food increased at a slower pace.

Year-on-year, price of food and non-alcoholic beverages increased at a slower pace 1.38 percent (4.58 percent in March), housing, water, electricity, gas and other fuels went up 6.59 percent (6.63 percent in March); transportation rose 6.41 percent (6.19 percent in March). Cost of furnishings, household equipment, routine maintenance of the house (+10.38 percent); hotels, cafes and restaurants (+11.35 percent); clothing and footwear (+9.32 percent); alcoholic beverages and tobacco (+12.84 percent) and miscellaneous goods and services (+11.25 percent) also rose in March.

Month-on-month, consumer prices increased 0.78 percent compared to a 0.04 percent decrease in the preciding month, mainly due to higher prices of housing and utilities (0.37 percent from 0.16 percent in March) and clothing and footwear(12.6 percent from 0.35 percent).

Mojdeh | mojdeh@tradingeconomics.com
5/3/2016 10:50:52 AM

Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 6.57 7.46 138.71 -4.01 percent [+]
Inflation Rate Mom 0.78 -0.04 3.27 -1.43 percent [+]
Consumer Price Index CPI 276.42 274.27 276.42 94.77 Index Points [+]
Core Consumer Prices 104.85 104.35 104.85 1.34 Index Points [+]
Core Inflation Rate 9.30 9.50 93.70 3.00 percent [+]
GDP Deflator 1487.87 1484.64 1503.17 86.57 Index Points [+]
Producer Prices 252.47 251.17 254.25 0.01 Index Points [+]
Producer Prices Change 2.87 3.80 139.90 -3.75 percent [+]
Export Prices 91.61 91.60 128.12 58.61 Index Points [+]
Import Prices 80.53 79.82 127.41 45.77 Index Points [+]
Food Inflation 1.38 4.58 17.08 1.38 percent [+]
Harmonised Consumer Prices 234.74 233.25 234.74 2.65 percent [+]
Cpi Transportation 252.13 250.57 252.13 94.61 Index Points [+]




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