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

Consumer prices in Turkey increased by 6.58 percent year-on-year in May of 2016, virtually unchanged from April's 6.57 percent growth and missing market consensus of 6.90 percent gain. While prices of food increased further, cost of housing, transportation and furnishings rose at a slower pace. Inflation Rate in Turkey averaged 36.16 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
6.58 6.57 138.71 -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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 6.58% 6.57% 6.90% 6.82%
2016-07-04 07:00 AM Jun 6.58% 7.3%
2016-08-03 07:00 AM Jul 7.8%
2016-09-05 07:00 AM Aug 8.9%

Turkey Inflation Rate Unchanged in May


Consumer prices in Turkey increased by 6.58 percent year-on-year in May of 2016, virtually unchanged from April's 6.57 percent growth and missing market consensus of 6.90 percent gain. While prices of food increased further, cost of housing, transportation and furnishings rose at a slower pace.

Year-on-year, cost of food and non-alcoholic beverages went up by 2.47 percent compared to a 1.38 percent increase in April. Cost of housing and utilities (+6.51 percent from +6.59 percent in April), transportation (+5.72 percent from +6.41 percent) and furnishings and household equipment (+9.18 percent from +10.38 percent) increased at a slower pace. Additional upward pressure came from: hotels, cafes and restaurants (+10.59 percent); clothing and footwear (+7.32 percent); alcoholic beverages and tobacco (+12.79 percent); and miscellaneous goods and services (+11.87 percent).

On a monthly basis, consumer prices rose 0.58 percent compared to a 0.78 percent growth in April. Prices of clothing and footwear (+8.04 percent), transportation (+1.10 percent), education (+1.04 percent), miscellaneous goods and services (+0.95 percent) and communications (+0.92 percent) increased by the most. In contrast, cost of food and non-alcoholic beverages (-1.64 percent) and furnishings and household equipment (-0.28 percent) fell.

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/3/2016 8:20:46 AM

Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 6.58 6.57 138.71 -4.01 percent [+]
Inflation Rate Mom 0.58 0.78 3.27 -1.43 percent [+]
Consumer Price Index CPI 278.02 276.42 278.02 94.77 Index Points [+]
Core Consumer Prices 108.51 107.12 108.51 1.34 Index Points [+]
Core Inflation Rate 8.80 9.30 93.70 3.00 percent [+]
GDP Deflator 1576.15 1487.87 1576.15 86.57 Index Points [+]
Producer Prices 256.21 252.47 256.21 0.01 Index Points [+]
Producer Prices Change 3.25 2.87 139.90 -3.75 percent [+]
Export Prices 92.67 91.61 128.12 58.61 Index Points [+]
Import Prices 80.87 80.53 127.41 45.77 Index Points [+]
Food Inflation 2.47 1.38 17.08 1.38 percent [+]
Harmonised Consumer Prices 235.82 234.74 235.82 2.65 percent [+]
Cpi Transportation 254.90 252.13 254.90 94.61 Index Points [+]




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Afghanistan 5.00 May/16
Albania 0.70 May/16
Algeria 6.08 May/16
Angola 29.23 May/16
Argentina 40.50 Apr/16
Armenia -2.10 May/16
Aruba -1.60 Apr/16
Australia 1.30 Mar/16
Austria 0.60 May/16
Azerbaijan 10.50 Apr/16
Bahamas 2.00 Dec/15
Bahrain 3.70 May/16
Bangladesh 5.45 May/16
Barbados -1.40 Feb/16
Belarus 12.40 May/16
Belgium 2.16 Jun/16
Belize 0.10 Apr/16
Benin -0.10 May/16
Bhutan 3.03 Mar/16
Bolivia 5.02 May/16
Bosnia and Herzegovina -1.60 May/16
Botswana 2.80 May/16
Brazil 9.32 May/16
Brunei -0.30 May/16
Bulgaria -2.00 May/16
Burkina Faso 2.00 May/16
Burundi 2.70 May/16
Cambodia 2.03 Mar/16
Cameroon 1.47 Dec/15
Canada 1.50 May/16
Cape Verde -1.00 May/16
Cayman Islands -2.80 Mar/16
Central African Republic 25.58 Jun/14
Chad 0.60 Apr/16
Chile 4.20 May/16
China 2.00 May/16
Colombia 8.20 May/16
Comoros 1.40 Dec/14
Congo 2.16 Apr/16
Costa Rica 0.43 May/16
Croatia -1.80 May/16
Cuba 4.40 Dec/15
Cyprus -2.13 May/16
Czech Republic 0.10 May/16
Denmark 0.10 May/16
Djibouti 2.60 Mar/15
Dominican Republic 1.71 May/16
East Timor -1.70 May/16
Ecuador 1.63 May/16
Egypt 12.30 May/16
El Salvador 0.73 May/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia -0.90 May/16
Ethiopia 7.90 May/16
Euro Area 0.10 Jun/16
European Union -0.10 May/16
Fiji 5.20 May/16
Finland 0.30 May/16
France 0.20 Jun/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 2.10 May/16
Germany 0.30 Jun/16
Ghana 18.90 May/16
Greece -0.90 May/16
Guatemala 4.27 May/16
Guinea 8.20 May/16
Guinea Bissau 2.20 Apr/16
Guyana 0.30 Mar/16
Haiti 15.10 May/16
Honduras 2.36 May/16
Hong Kong 2.60 May/16
Hungary -0.20 May/16
Iceland 1.60 Jun/16
India 5.76 May/16
Indonesia 3.45 Jun/16
Iran 7.40 Apr/16
Iraq 2.50 May/16
Ireland 0.00 May/16
Israel -0.80 May/16
Italy -0.40 Jun/16
Ivory Coast 2.30 May/16
Jamaica 2.10 May/16
Japan -0.40 May/16
Jordan -1.60 May/16
Kazakhstan 17.30 Jun/16
Kenya 5.80 Jun/16
Kosovo -0.10 May/16
Kuwait 2.80 May/16
Kyrgyzstan 0.30 May/16
Laos 0.96 Apr/16
Latvia -0.80 May/16
Lebanon -2.45 May/16
Lesotho 7.80 Apr/16
Liberia 7.10 Mar/16
Libya 10.10 Nov/15
Liechtenstein -0.40 May/16
Lithuania 0.50 May/16
Luxembourg -0.03 May/16
Macau 2.64 May/16
Macedonia -0.70 May/16
Madagascar 6.20 Apr/16
Malawi 21.50 May/16
Malaysia 2.00 May/16
Maldives 0.60 Apr/16
Mali -0.60 May/16
Malta 1.00 May/16
Mauritania 0.90 Apr/16
Mauritius 0.80 May/16
Mexico 2.60 May/16
Moldova 7.90 May/16
Mongolia 1.80 May/16
Montenegro -1.00 May/16
Morocco 1.90 May/16
Mozambique 18.27 May/16
Myanmar 14.59 Nov/15
Namibia 6.70 May/16
Nepal 10.00 May/16
Netherlands 0.00 May/16
New Caledonia 0.80 May/16
New Zealand 0.40 Mar/16
Nicaragua 3.70 May/16
Niger 2.10 May/16
Nigeria 15.60 May/16
North Korea 55.00 Jul/13
Norway 3.40 May/16
Oman 1.14 May/16
Pakistan 3.19 Jun/16
Palestine -0.31 May/16
Panama 0.30 May/16
Papua New Guinea 6.40 Dec/15
Paraguay 4.70 Jun/16
Peru 3.34 Jun/16
Philippines 1.60 May/16
Poland -0.80 Jun/16
Portugal 0.30 May/16
Puerto Rico -0.20 Apr/16
Qatar 2.60 May/16
Republic of the Congo 3.70 Apr/15
Romania -3.50 May/16
Russia 7.30 May/16
Rwanda 4.40 May/16
Sao Tome and Principe 6.00 Apr/16
Saudi Arabia 4.10 May/16
Senegal 1.60 May/16
Serbia 0.70 May/16
Seychelles -1.20 May/16
Sierra Leone 8.85 Dec/15
Singapore -1.60 May/16
Slovakia -0.80 May/16
Slovenia 0.30 Jun/16
Somalia -4.00 Dec/14
South Africa 6.10 May/16
South Korea 0.80 Jun/16
South Sudan 295.00 May/16
Spain -0.80 Jun/16
Sri Lanka 6.00 Jun/16
Sudan 13.98 May/16
Suriname 46.10 Apr/16
Swaziland 8.50 Apr/16
Sweden 0.60 May/16
Switzerland -0.40 May/16
Syria 44.70 Nov/15
Taiwan 1.24 May/16
Tajikistan 5.20 May/16
Tanzania 5.20 May/16
Thailand 0.38 Jun/16
Togo 2.40 May/16
Trinidad and Tobago 3.50 Apr/16
Tunisia 3.60 May/16
Turkey 6.58 May/16
Turkmenistan 7.00 Dec/15
Uganda 5.90 Jun/16
Ukraine 7.50 May/16
United Arab Emirates 1.60 May/16
United Kingdom 0.30 May/16
United States 1.00 May/16
Uruguay 11.00 May/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 2.40 Jun/16
Yemen 9.49 Nov/14
Zambia 21.00 Jun/16
Zimbabwe -1.69 May/16