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

Consumer prices in Turkey increased by 9.58 percent year-on-year in January of 2016, accelerating from 8.81 percent in the previous month and beating market consensus. It was the highest value since May of 2014, as cost of food, housing and transportation rose at a faster pace. On a monthly basis, consumer prices jumped 1.82 percent. Inflation Rate in Turkey averaged 36.35 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
9.58 8.81 138.71 -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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-03 08:00 AM Nov 8.1% 7.58% 7.88% 7.7%
2016-01-04 08:00 AM DEC 8.81% 8.1% 8.3%
2016-02-03 08:00 AM Jan 9.58% 8.81% 9.5% 9.3%
2016-03-03 08:00 AM Feb 9.58% 9.12%
2016-04-04 07:00 AM Mar 9.54%
2016-05-03 07:00 AM Apr 9.44%

Turkey Inflation Rate Highest Since May 2014


Consumer prices in Turkey increased by 9.58 percent year-on-year in January of 2016, accelerating from 8.81 percent in the previous month and beating market consensus. It was the highest value since May of 2014, as cost of food, housing and transportation rose at a faster pace.

Year-on-year, cost of food and non-alcoholic beverages went up by 11.69 percent compared to a 10.87 percent increase in December; prices of housing, water, electricity, gas and other fuels grew by 7.33 percent, accelerating from a 6.71 percent rise in the previous month; and transport prices increased by 7.37 percent following a 6.40 percent growth. Additional upward pressure came from: hotels, cafes and restaurants (+13.43 percent), miscellaneous goods and services (+11.21 percent), alcoholic beverages and tobacco (+11.17 percent), furnishings, household equipment, routine maintenance of the house (+10.75 percent); and clothing and footwear (+9.31 percent).

On a monthly basis, coonsumer prices jumped 1.82 percent compared to a 0.21 percent growth in December, boosted by higher cost of food and non-alcoholic beverages (+4.28 percent), alcoholic beverages and tobacco (+9.60 percent), miscellaneous goods and services (+2.71 percent), recreation and culture (+2.09 percent) and health (+2.42 percent). In contrast, prices of clothing and footwear dropped sharply by 6.71 percent.

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/3/2016 8:38:19 AM

Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 9.58 8.81 138.71 -4.01 percent [+]
Inflation Rate Mom 1.82 0.21 3.27 -1.43 percent [+]
Consumer Price Index CPI 274.44 269.54 274.44 94.77 Index Points [+]
Core Consumer Prices 204.54 204.66 204.66 2.62 Index Points [+]
Core Inflation Rate 9.70 9.50 93.70 3.00 percent [+]
GDP Deflator 1484.64 1503.17 1503.17 86.57 Index Points [+]
Producer Prices 250.67 249.31 254.25 0.01 Index Points [+]
Producer Prices Change 5.94 5.71 139.90 -3.75 percent [+]
Export Prices 91.88 94.00 128.12 58.61 Index Points [+]
Import Prices 85.20 86.41 127.41 45.77 Index Points [+]
Food Inflation 11.69 10.87 17.08 1.76 percent [+]
Harmonised Consumer Prices 228.82 228.30 228.82 2.65 percent [+]




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Albania 1.50 Jan/16
Algeria 3.84 Dec/15
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Argentina 26.90 Dec/15
Armenia -0.40 Jan/16
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Australia 1.70 Dec/15
Austria 1.00 Dec/15
Azerbaijan 4.00 Dec/15
Bahamas 1.41 Jun/15
Bahrain 0.70 Dec/15
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Belgium 1.74 Jan/16
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Benin 2.30 Dec/15
Bhutan 3.53 Dec/15
Bolivia 2.39 Jan/16
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Botswana 3.10 Dec/15
Brazil 10.71 Jan/16
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Cameroon 4.29 Jun/15
Canada 1.60 Dec/15
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Costa Rica -0.17 Jan/16
Croatia -0.60 Jan/16
Cuba 5.30 Dec/14
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Czech Republic 0.10 Dec/15
Denmark 0.60 Jan/16
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Dominican Republic 2.34 Dec/15
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Egypt 10.10 Jan/16
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Eritrea 11.60 Dec/14
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Ethiopia 10.20 Jan/16
Euro Area 0.40 Jan/16
European Union 0.20 Dec/15
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France 0.20 Jan/16
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Gambia 6.57 Sep/15
Georgia 5.60 Jan/16
Germany 0.50 Jan/16
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Guinea 7.30 Dec/15
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Iceland 2.10 Jan/16
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Indonesia 4.14 Jan/16
Iran 9.40 Dec/15
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Ireland 0.10 Dec/15
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Italy 0.30 Jan/16
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Japan 0.20 Dec/15
Jordan -1.60 Dec/15
Kazakhstan 14.40 Jan/16
Kenya 7.78 Jan/16
Kosovo -0.10 Dec/15
Kuwait 3.00 Dec/15
Kyrgyzstan 3.40 Dec/15
Laos 0.90 Dec/15
Latvia -0.30 Jan/16
Lebanon -3.40 Dec/15
Lesotho 5.10 Dec/15
Liberia 6.50 Sep/15
Libya 11.40 Sep/15
Liechtenstein -1.30 Dec/15
Lithuania -0.10 Dec/15
Luxembourg 1.10 Dec/15
Macau 3.73 Dec/15
Macedonia -0.30 Dec/15
Madagascar 7.60 Dec/15
Malawi 24.90 Dec/15
Malaysia 2.70 Dec/15
Maldives 2.00 Nov/15
Mali 1.00 Dec/15
Malta 1.20 Dec/15
Mauritania 0.50 Dec/15
Mauritius 0.40 Jan/16
Mexico 2.61 Jan/16
Moldova 13.60 Dec/15
Mongolia 1.90 Dec/15
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Morocco 0.60 Dec/15
Mozambique 11.25 Jan/16
Myanmar 10.19 Jul/15
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Netherlands 0.70 Dec/15
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Norway 3.00 Jan/16
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Palestine 0.97 Dec/15
Panama 0.20 Dec/15
Papua New Guinea 5.80 Sep/15
Paraguay 5.20 Jan/16
Peru 4.61 Jan/16
Philippines 1.30 Jan/16
Poland -0.50 Dec/15
Portugal 0.80 Jan/16
Puerto Rico -0.20 Dec/15
Qatar 2.70 Dec/15
Republic of the Congo 3.70 Apr/15
Romania -0.90 Dec/15
Russia 9.80 Jan/16
Rwanda 6.60 Jan/16
Sao Tome and Principe 4.00 Dec/15
Saudi Arabia 2.30 Dec/15
Senegal 0.40 Dec/15
Serbia 1.50 Dec/15
Seychelles -0.10 Jan/16
Sierra Leone 8.85 Dec/15
Singapore -0.60 Dec/15
Slovakia -0.50 Dec/15
Slovenia -0.50 Jan/16
Somalia -4.00 Dec/14
South Africa 5.20 Dec/15
South Korea 0.80 Jan/16
South Sudan 109.90 Dec/15
Spain -0.30 Jan/16
Sri Lanka 0.90 Jan/16
Sudan 12.58 Dec/15
Suriname 25.00 Dec/15
Swaziland 4.50 Nov/15
Sweden 0.10 Dec/15
Switzerland -1.30 Dec/15
Syria 38.80 Jul/15
Taiwan 0.81 Jan/16
Tajikistan 5.20 Nov/15
Tanzania 6.50 Jan/16
Thailand -0.53 Jan/16
Togo 1.60 Dec/15
Trinidad and Tobago 1.50 Dec/15
Tunisia 3.60 Jan/16
Turkey 9.58 Jan/16
Turkmenistan 4.42 Dec/14
Uganda 7.60 Jan/16
Ukraine 40.30 Jan/16
United Arab Emirates 3.60 Dec/15
United Kingdom 0.20 Dec/15
United States 0.70 Dec/15
Uruguay 9.68 Jan/16
Uzbekistan 2.60 Mar/14
Venezuela 108.70 Sep/15
Vietnam 0.80 Jan/16
Yemen 9.49 Nov/14
Zambia 21.80 Jan/16
Zimbabwe -2.47 Dec/15