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

Consumer prices in Turkey rose 8.05 percent year-on-year in August of 2016, slowing from an 8.79 percent increase in July as food inflation eased. On a monthly basis, consumer prices went down 0.29 percent, the biggest drop since June last year. Inflation Rate in Turkey averaged 36.02 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
8.05 8.79 138.71 -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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-04 07:00 AM Jun 7.64% 6.58% 7.3%
2016-08-03 07:00 AM Jul 8.79% 7.64% 8.20% 7.8%
2016-09-05 07:00 AM Aug 8.05% 8.79% 9.2%
2016-10-03 07:00 AM Sep 8.05% 8.7%
2016-11-03 08:00 AM Oct 8.6%
2016-12-05 08:00 AM Nov 8.4%

Turkey Inflation Rate Eases to 8% in August


Consumer prices in Turkey rose 8.05 percent year-on-year in August of 2016, slowing from an 8.79 percent increase in July as food inflation eased. On a monthly basis, consumer prices went down 0.29 percent, the biggest drop since June last year.

Year-on-year, prices rose at a slower pace for food and non-alcoholic beverages (6.19 percent compared to 9.69 percent in July); clothing and footwear (7.84 percent compared to 8.26 percent); miscellaneous goods and services (11.84 percent compared to 12.68 percent) and hotels, cafes and restaurants (8.63 percent compared to 9.96 percent). In contrast, inflation accelerated for housing and utilities (6.82 percent compared to 6.69 percent); transportation (6.74 percent compared to 6.13 percent); alcoholic beverages and tobacco (23.03 percent compared to 19.36 percent) and education (9.18 percent compared to 7.89 percent) while was steady for health (10.6 percent). 

On a monthly basis, consumer prices fell 0.29 percent, compared to market expectations of a 0.15 percent decline, mainly driven by a 1.92 percent fall in cost of food and beverages and a 4.69 percent decline in clothing and footwear. In contrast, prices of alcoholic beverages and tobacco recorded the biggest increase (3.44 percent), followed by education (2.61 percent).

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
9/5/2016 8:39:06 AM

Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 8.05 8.79 138.71 -4.01 percent [+]
Inflation Rate Mom -0.29 1.16 3.27 -1.43 percent [+]
Consumer Price Index CPI 281.76 282.58 282.58 94.77 Index Points [+]
Core Consumer Prices 108.99 108.78 108.99 1.34 Index Points [+]
Core Inflation Rate 8.50 8.80 93.70 3.00 percent [+]
GDP Deflator 1590.79 1573.03 1590.79 86.57 Index Points [+]
Producer Prices 258.01 257.81 258.01 0.01 Index Points [+]
Producer Prices Change 3.03 3.96 139.90 -3.75 percent [+]
Export Prices 92.81 93.28 128.12 58.61 Index Points [+]
Import Prices 82.63 83.57 127.41 45.77 Index Points [+]
Food Inflation 6.19 9.69 17.08 1.38 percent [+]
Harmonised Consumer Prices 107.96 108.09 108.09 1.20 percent [+]
Cpi Transportation 257.38 256.90 257.38 94.61 Index Points [+]




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Kazakhstan 17.60 Aug/16
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Laos 1.97 Jul/16
Latvia 0.00 Aug/16
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Lesotho 7.50 Jun/16
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Libya 27.40 Jun/16
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Lithuania 0.80 Aug/16
Luxembourg 0.16 Aug/16
Macau 1.65 Aug/16
Macedonia -0.30 Aug/16
Madagascar 6.70 Jul/16
Malawi 22.80 Aug/16
Malaysia 1.50 Aug/16
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Malta 1.00 Aug/16
Mauritania 1.60 Aug/16
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Mexico 2.73 Aug/16
Moldova 3.60 Aug/16
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Puerto Rico -1.40 Jul/16
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Romania -0.20 Aug/16
Russia 6.90 Aug/16
Rwanda 7.50 Aug/16
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Saudi Arabia 3.80 Jul/16
Senegal 1.30 Aug/16
Serbia 1.20 Aug/16
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Slovenia 0.00 Aug/16
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South Sudan 729.70 Aug/16
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Ukraine 8.40 Aug/16
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