Turkey Inflation Rate 1965-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Turkey was recorded at 7.55 percent in February of 2015. Inflation Rate in Turkey averaged 36.87 percent from 1965 until 2015, 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.

      Forecast    
Turkey Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.55 7.24 138.71 -4.01 1965 - 2015 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 - Turkey Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Turkey Inflation Rate - was last refreshed on Tuesday, March 31, 2015.


Turkey Inflation Edges Up in February


Turkey annual inflation accelerated to 7.55 percent in February of 2015 from a 7.24 percent increase in the previous month due to higher food prices. In February of last year, inflation was 7.4 percent.

Year-on-year, food and non-alcoholic beverages recorded the largest increase (+13.7 percent), followed by hotels and restaurants (+12.66 percent) and housing, water, electricity and gas (7.5 percent). Cost of clothing and footwear rose 7.4 percent while prices of furnishings and household equipment advanced 7.37 percent. The only downward contribution came from transports (-1.49 percent), which was not enough to offset the increase.

On a monthly basis, consumer prices rose 0.71 percent, down from a 1.1 increase in January, and below market expectations. The downfall was mainly due to a 6.58 percent fall in clothing and footwear. Food prices accelerated to 2.59 percent and transport cost increased by 1.77 percent. Other upward pressures came from hotels and restaurants (+ 1.06 percent), housing, water, electricity and gas (+0.46 percent) and furnishings and household equipment (+0.23 percent).

Turkstat l Carolina Cunha l carolina.cunha@tradingeconomics.com
3/3/2015 11:22:04 AM


Recent Releases

Turkish Inflation Eases to 14-Month Low in January
Turkish annual inflation rate eased to 7.24 percent in January of 2015 from 8.17 percent in the previous month. It is the lowest figure since November 2013, as prices of services, food and clothing and footwear slowed while cost of transportation fell. Published on 2015-02-03

Turkey Inflation Rate Slows in December
Turkish annual inflation rate eased to 8.17 percent in December of 2014 from 9.15 percent in the previous month. It is the lowest figure since March of 2014, due to a slowdown in food cost. Published on 2015-01-05


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-05 08:00 AM
Inflation Rate YoY  DEC
8.17% 9.15% 8.91%
2015-02-03 08:00 AM
Inflation Rate YoY  Jan
7.24% 8.17% 8.01%
2015-03-03 08:00 AM
Inflation Rate YoY  Feb
7.55% 7.24% 7.03%
2015-04-03 08:00 AM
Inflation Rate YoY  Mar
7.55% 7.01%
2015-05-04 08:00 AM
Inflation Rate YoY  Apr
7.04%
2015-06-03 08:00 AM
Inflation Rate YoY  May
7.07%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 7.55 7.24 138.71 -4.01 percent [+]
Inflation Rate Mom 0.71 1.10 3.27 -1.43 percent [+]
Consumer Price Index CPI 252.24 250.45 252.24 94.77 Index Points [+]
GDP Deflator 1376.84 1380.97 1392.42 86.57 Index Points [+]
Producer Prices 239.46 236.61 239.97 0.01 Index Points [+]
Producer Prices Change 3.10 3.28 139.90 -3.75 percent [+]
Export Prices 101.60 103.13 128.12 58.61 Index Points [+]
Import Prices 96.22 100.78 127.41 45.77 Index Points [+]
Food Inflation 10.97 12.73 17.08 1.76 percent [+]
Core Consumer Prices 187.59 187.53 187.59 2.62 Index Points [+]
Core Inflation Rate 8.10 8.90 93.70 3.00 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.70 Feb/15 7.14 6821.31 1.65 percent [+]
Canada 1.00 Feb/15 1.00 21.60 -17.80 percent [+]
China 1.40 Feb/15 0.80 28.40 -2.20 percent [+]
Euro Area -0.30 Feb/15 -0.60 5.00 -0.70 percent [+]
France -0.30 Feb/15 -0.40 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.37 Feb/15 5.19 11.16 4.38 percent [+]
Indonesia 6.29 Feb/15 6.96 82.40 -1.17 percent [+]
Italy -0.09 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.00 Feb/15 3.07 179.73 2.91 percent [+]
Netherlands 0.14 Feb/15 0.00 11.19 -1.30 percent [+]
Russia 16.70 Feb/15 15.00 2333.30 3.60 percent [+]
South Korea 0.50 Feb/15 0.80 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.80 Feb/15 -0.50 11.92 -1.37 percent [+]
Turkey 7.55 Feb/15 7.24 138.71 -4.01 percent [+]
United Kingdom 0.00 Feb/15 0.30 8.50 0.00 percent [+]
United States 0.00 Feb/15 -0.10 23.70 -15.80 percent [+]