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

The inflation rate in Turkey was recorded at 7.61 percent in March of 2015. Inflation Rate in Turkey averaged 36.82 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
7.61 7.55 138.71 -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 Saturday, April 18, 2015.


Turkey Inflation Rate at 3-Month High


Turkish consumer prices rose 7.61 percent year-on-year in March of 2015, up from 7.55 percent in February as food prices rose at its fastest pace in four months.

Figures came above market expectations of a slowdown in inflation.

Year-on-year, cost of food and non-alcoholic beverages recorded the highest increase (14.12 percent, from 13.7 percent in Februray) and prices of housing and utilities rose 8.03 percent (7.5 percent in February).

Additional upward pressures came from hotels, cafes and restaurants (12.76 percent), miscellaneous goods and services (8.44percent) and health. In contrast, transport prices fell 1.47 percent (-1.49 percent in the previous month).

The central bank expects inflation to be 5.5 percent at the end of 2015, dragged down by lower oil prices. However, consumer prices edged up for the second straight month in March, remaining well above the central bank target due to a weakening lira and higher food prices.

On a monthly basis, consumer prices rose 1.19 percent in March, the highest rate in five months.

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
4/3/2015 8:59:26 AM


Recent Releases

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. Published on 2015-03-03

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
7.61% 7.55% 7.01%
2015-05-04 08:00 AM
Inflation Rate YoY  Apr
7.61% 7.04%
2015-06-03 08:00 AM
Inflation Rate YoY  May
7.07%
2015-07-03 08:00 AM
Inflation Rate YoY  Jun
7.1%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 7.61 7.55 138.71 -4.01 percent [+]
Inflation Rate Mom 1.19 0.71 3.27 -1.43 percent [+]
Consumer Price Index CPI 255.23 252.24 255.23 94.77 Index Points [+]
GDP Deflator 1390.37 1378.80 1392.42 86.57 Index Points [+]
Producer Prices 241.97 239.46 241.97 0.01 Index Points [+]
Producer Prices Change 3.41 3.10 139.90 -3.75 percent [+]
Export Prices 100.15 101.60 128.12 58.61 Index Points [+]
Import Prices 95.16 96.22 127.41 45.77 Index Points [+]
Food Inflation 14.12 13.70 17.08 1.76 percent [+]
Core Consumer Prices 188.64 187.59 188.64 2.62 Index Points [+]
Core Inflation Rate 7.50 8.10 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 8.13 Mar/15 7.70 6821.31 1.65 percent [+]
Canada 1.20 Mar/15 1.00 21.60 -17.80 percent [+]
China 1.40 Mar/15 1.40 28.40 -2.20 percent [+]
Euro Area -0.10 Mar/15 -0.30 5.00 -0.70 percent [+]
France -0.10 Mar/15 -0.30 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.17 Mar/15 5.37 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy -0.09 Mar/15 -0.09 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.14 Mar/15 3.00 179.73 2.91 percent [+]
Netherlands 0.38 Mar/15 0.20 11.19 -1.30 percent [+]
Russia 16.90 Mar/15 16.70 2333.30 3.60 percent [+]
South Korea 0.40 Mar/15 0.50 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.90 Mar/15 -0.80 11.92 -1.37 percent [+]
Turkey 7.61 Mar/15 7.55 138.71 -4.01 percent [+]
United Kingdom 0.00 Mar/15 0.00 8.50 0.00 percent [+]
United States -0.10 Mar/15 0.00 23.70 -15.80 percent [+]