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

Consumer prices in Turkey increased 7.0 percent year-on-year in November of 2016, following a 7.16 percent rise in the previous month. It was the lowest reading since May, as cost of food and non-alcoholic beverages increased at a slower pace. On a monthly basis, consumer prices went up 0.52 percent, below market expectations of 0.8 percent rise, driven by 3.89 percent gain in clothing and footwear prices. Inflation Rate in Turkey averaged 35.88 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)
2016-10-03 07:00 AM Sep 7.28% 8.05% 8.7%
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%
2017-01-04 08:00 AM DEC 7% 7.02%
2017-02-03 08:00 AM Jan 7.05%
2017-03-03 08:00 AM Feb 6.27%




Turkish Inflation Rate at 6-Month Low of 7.0% in November


Consumer prices in Turkey rose 7.0 percent year-on-year in November of 2016, following a 7.16 percent rise in October. It was the lowest reading since May, as cost of food and non-alcoholic beverages increased at a slower pace. On a monthly basis, consumer prices rose 0.52 percent and below market expectations of 0.8 percent gain.

Year-on-year, prices rose at a slower pace for food and non-alcoholic beverages (+3.55 percent compared to +5.20 percent in October); clothing and footwear (+4.59 percent from +60.7 percent); health (+9.16 percent from +9.35 percent) and education (+9.50 percent compared to +9.58 percent). Price increased at a faster pace for: housing and utilities (+5.87 percent from +5.50 percent); miscellaneous goods and services (+10.92 percent compared to +9.34 percent), transportation (+9.57 percent from+8.19 percent); hotels, cafes and restaurants (+8.50 percent compared to +8.34 percent).
 
On a monthly basis, consumer prices went up 0.52 percent, and below market expectations of a 0.8 percent increase, mainly driven by a 3.89 percent gain in cost of clothing and footwear and 0.49 percent rise in transportation.

Turkstat l Chusnul Ch Manan | chusnul@tradingeconomics.com
12/5/2016 1:44:02 PM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 7.00 7.16 138.71 -4.01 percent [+]
Inflation Rate Mom 0.52 1.44 3.27 -1.43 percent [+]
Consumer Price Index CPI 287.81 286.33 287.81 94.77 Index Points [+]
Core Consumer Prices 109.29 109.09 109.29 1.34 Index Points [+]
Core Inflation Rate 7.10 7.70 93.70 3.00 percent [+]
GDP Deflator 1590.79 1573.03 1590.79 86.57 Index Points [+]
Producer Prices 266.16 260.94 266.16 0.01 Index Points [+]
Producer Prices Change 6.41 2.84 139.90 -3.75 percent [+]
Export Prices 93.02 93.16 128.12 58.61 Index Points [+]
Import Prices 82.52 82.47 127.41 45.77 Index Points [+]
Food Inflation 3.55 5.20 17.08 1.38 percent [+]
Harmonised Consumer Prices 108.26 107.96 108.26 1.20 Index Points [+]
Cpi Transportation 270.94 269.61 270.94 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.16 138.71 -4.01 1965 - 2016 percent Monthly
2003=100



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Denmark 0.30 Oct/16
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Dominican Republic 0.91 Oct/16
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Egypt 19.40 Nov/16
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Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
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European Union 0.50 Oct/16
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Finland 0.50 Oct/16
France 0.50 Nov/16
Gabon 2.09 Feb/16
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Georgia 0.20 Nov/16
Germany 0.80 Nov/16
Ghana 15.80 Oct/16
Greece -0.90 Nov/16
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Indonesia 3.58 Nov/16
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Iraq 0.30 Sep/16
Ireland -0.10 Nov/16
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Italy 0.10 Nov/16
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Japan 0.10 Oct/16
Jordan -0.50 Oct/16
Kazakhstan 8.70 Nov/16
Kenya 6.68 Nov/16
Kosovo 0.90 Oct/16
Kuwait 3.62 Oct/16
Kyrgyzstan -0.20 Oct/16
Laos 1.84 Sep/16
Latvia 1.30 Nov/16
Lebanon 1.13 Oct/16
Lesotho 5.70 Oct/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.30 Nov/16
Lithuania 1.00 Nov/16
Luxembourg 0.54 Nov/16
Macau 1.33 Oct/16
Macedonia -0.20 Nov/16
Madagascar 6.70 Sep/16
Malawi 20.10 Oct/16
Malaysia 1.40 Oct/16
Maldives 0.40 Sep/16
Mali -3.50 Aug/16
Malta 0.50 Oct/16
Mauritania 2.60 Oct/16
Mauritius 2.20 Nov/16
Mexico 3.31 Nov/16
Moldova 2.60 Nov/16
Mongolia -0.10 Oct/16
Montenegro 0.20 Oct/16
Morocco 1.60 Oct/16
Mozambique 25.53 Oct/16
Myanmar 10.67 Mar/16
Namibia 7.30 Oct/16
Nepal 6.70 Oct/16
Netherlands 0.60 Nov/16
New Caledonia -0.20 Oct/16
New Zealand 0.40 Sep/16
Nicaragua 3.30 Nov/16
Niger -0.60 Oct/16
Nigeria 18.30 Oct/16
North Korea 55.00 Jul/13
Norway 3.50 Nov/16
Oman 2.04 Oct/16
Pakistan 3.81 Nov/16
Palestine -1.67 Oct/16
Panama 1.40 Oct/16
Papua New Guinea 6.80 Jun/16
Paraguay 4.20 Nov/16
Peru 3.35 Nov/16
Philippines 2.50 Nov/16
Poland 0.00 Nov/16
Portugal 0.90 Oct/16
Puerto Rico -0.40 Oct/16
Qatar 2.20 Oct/16
Republic of the Congo 3.70 Apr/15
Romania -0.40 Oct/16
Russia 5.80 Nov/16
Rwanda 9.10 Oct/16
Sao Tome and Principe 5.80 Oct/16
Saudi Arabia 2.60 Oct/16
Senegal -0.30 Oct/16
Serbia 1.50 Oct/16
Seychelles -0.40 Nov/16
Sierra Leone 8.77 Mar/16
Singapore -0.10 Oct/16
Slovakia -0.30 Oct/16
Slovenia 0.60 Nov/16
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South Africa 6.40 Oct/16
South Korea 1.30 Nov/16
South Sudan 835.70 Oct/16
Spain 0.70 Nov/16
Sri Lanka 3.40 Nov/16
Sudan 19.60 Oct/16
Suriname 77.10 Sep/16
Swaziland 8.30 Sep/16
Sweden 1.20 Oct/16
Switzerland -0.30 Nov/16
Syria 44.50 May/16
Taiwan 1.97 Nov/16
Tajikistan 6.10 Oct/16
Tanzania 4.80 Nov/16
Thailand 0.60 Nov/16
Togo -1.10 Oct/16
Trinidad and Tobago 3.00 Sep/16
Tunisia 4.00 Nov/16
Turkey 7.00 Nov/16
Turkmenistan 7.00 Dec/15
Uganda 4.60 Nov/16
Ukraine 12.10 Nov/16
United Arab Emirates 1.90 Oct/16
United Kingdom 0.90 Oct/16
United States 1.60 Oct/16
Uruguay 8.10 Nov/16
Uzbekistan 5.60 Dec/15
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Yemen 9.49 Nov/14
Zambia 8.80 Nov/16
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