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

Consumer prices in Turkey increased 8.53 percent year-on-year in December of 2016, following a 7.0 percent rise in November while market expected a 7.6 percent gain. It was the highest inflation since July, as cost rose at a faster pace for most categories: food and non-alcoholic beverages (5.65 percent from +3.55 percent in the prior month), housing & utilities (+6.42 percent from +5.87 percent), health (+9.73 percent from +9.50 percent), transportation (+12.36 percent from +9.57 percent), hotels, cafe & restaurants (+8.62 percent from 8.50 percent) and miscellaneous goods & services (+11.08 percent from +10.92 percent). Cost went up less than in the prior month for clothing (+3.98 percent from +4.59 percent). On a monthly basis, consumer prices went up 1.64 percent, compared to a 0.52 percent rise in a month earlier and above market expectations of 0.93 percent rise. Inflation Rate in Turkey averaged 35.84 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.

Turkey Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-03 07:00 AM Oct 7.16% 7.28% 7.4% 7.5%
2016-12-05 07:00 AM Nov 7.0% 7.16% 8.4%
2017-01-03 07:00 AM DEC 8.53% 7% 7.6% 7.02%
2017-02-03 07:00 AM Jan 8.53% 8.69%
2017-03-03 07:00 AM Feb 8.87%
2017-04-03 07:00 AM Mar 8.96%




Turkish Inflation Rate at-5 Month High of 8.53% in December


Consumer prices in Turkey increased 8.53 percent year-on-year in December of 2016, following a 7 percent rise in the previous month while market expected a 7.6 percent gain. It was the highest inflation since July, as cost of food and non-alcoholic beverages, housing, utilities and transportation increased at a faster pace.

Year-on-year, prices rose at a faster pace for food and non-alcoholic beverages (5.65 percent from +3.55 percent in the prior month), housing & utilities (+6.42 percent from +5.87 percent), health (+9.73 percent from +9.50 percent), transportation (+12.36 percent from +9.57 percent), hotels, cafe & restaurants (+8.62 percent from 8.50 percent) and miscellaneous goods & services (+11.08 percent from +10.92 percent). Cost went up less than in the prior month for clothing (+3.98 percent from +4.59 percent).
 
On a monthly basis, consumer prices went up 1.64 percent, compared to a 0.52 percent rise in a month earlier and above market expectations of 0.93 percent rise.
 

Statistics of Turkey l Chusnul Ch Manan | chusnul@tradingeconomics.com
1/3/2017 10:12:21 AM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 8.53 7.00 138.71 -4.01 percent [+]
Inflation Rate Mom 1.64 0.52 3.27 -1.43 percent [+]
Consumer Price Index CPI 292.54 287.81 292.54 94.77 Index Points [+]
Core Consumer Prices 111.97 111.05 111.97 1.34 Index Points [+]
Core Inflation Rate 7.20 7.10 93.70 3.00 percent [+]
GDP Deflator 1590.79 1573.03 1590.79 86.57 Index Points [+]
Producer Prices 274.09 266.16 274.09 0.01 Index Points [+]
Producer Prices Change 9.94 6.41 139.90 -3.75 percent [+]
Export Prices 91.38 92.41 128.12 58.61 Index Points [+]
Import Prices 82.39 83.57 127.41 45.77 Index Points [+]
Food Inflation 5.65 3.29 17.08 1.38 percent [+]
Harmonised Consumer Prices 110.28 109.94 110.28 1.20 Index Points [+]
Cpi Transportation 276.27 270.94 276.27 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 (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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
8.53 7.00 138.71 -4.01 1965 - 2016 percent Monthly
2003=100



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