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

Consumer prices in Turkey increased 9.22 percent year-on-year in January of 2017, following a 8.53 percent rise in December 2016 while market expected a 8.9 percent gain. It was the highest inflation since January 2016, as cost rose at a faster pace for most categories: food and non-alcoholic beverages (7.77 percent from 5.65 percent in the prior month), housing & utilities (+6.54 percent from 6.42 percent), health (12.13 percent from 9.73 percent), transportation (15.61 percent from 12.36 percent), and miscellaneous goods & services (12.74 percent from 11.08 percent). Cost went up less than in the prior month for clothing (3.66 percent from 3.98 percent) and hotels, cafe & restaurants (8.58 percent from 8.62 percent). On a monthly basis, consumer prices went up 2.46 percent, compared to a 1.64 percent rise in a month earlier and above market expectations of 1.78 percent rise. Inflation Rate in Turkey averaged 35.80 percent from 1965 until 2017, 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)
2016-12-05 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 9.22% 8.53% 8.9% 8.69%
2017-03-03 07:00 AM Feb 9.22% 9.45%
2017-04-03 07:00 AM Mar 9.59%
2017-05-03 07:00 AM Apr 9.57%




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 9.22 8.53 138.71 -4.01 percent [+]
Inflation Rate Mom 2.46 1.64 3.27 -1.43 percent [+]
Consumer Price Index CPI 299.74 292.54 299.74 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 284.99 274.09 284.99 0.01 Index Points [+]
Producer Prices Change 13.69 9.94 139.90 -3.75 percent [+]
Export Prices 91.43 91.38 128.12 58.61 Index Points [+]
Import Prices 82.99 82.39 127.41 45.77 Index Points [+]
Food Inflation 7.77 5.65 17.08 1.38 percent [+]
Harmonised Consumer Prices 110.28 109.94 110.28 1.20 Index Points [+]
Cpi Transportation 285.22 276.27 285.22 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 (23.7 percent of total weight); housing, water, electricity, gas and other fuels (15.9 percent of total weight) and transportation (14.3 percent). Others include: furnishings, household equipment and routine maintenance (8 percent); hotels, cafes and restaurants (7.5 percent); clothing and footwear (7.4 percent); alcoholic beverages and tobacco (5 percent). The index also includes miscellaneous goods and services (4.7 percent); communication (4.4 percent); recreation and culture (3.8 percent); health (2.7 percent) and education (2.6 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
9.22 8.53 138.71 -4.01 1965 - 2017 percent Monthly
2003=100



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Cyprus 0.50 Jan/17
Czech Republic 2.20 Jan/17
Denmark 0.90 Jan/17
Djibouti 3.65 Nov/16
Dominican Republic 2.33 Jan/17
East Timor 0.00 Dec/16
Ecuador 0.90 Jan/17
Egypt 28.10 Jan/17
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Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 2.70 Jan/17
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European Union 1.20 Dec/16
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Finland 0.80 Jan/17
France 1.30 Jan/17
Gabon 2.09 Feb/16
Gambia 7.43 Sep/16
Georgia 3.90 Jan/17
Germany 1.90 Jan/17
Ghana 13.30 Jan/17
Greece 1.20 Jan/17
Guatemala 3.83 Jan/17
Guinea 8.60 Nov/16
Guinea Bissau 0.70 Nov/16
Guyana 1.40 Dec/16
Haiti 14.10 Jan/17
Honduras 3.44 Jan/17
Hong Kong 1.30 Jan/17
Hungary 2.30 Jan/17
Iceland 1.90 Jan/17
India 3.17 Jan/17
Indonesia 3.49 Jan/17
Iran 9.60 Jan/17
Iraq -0.70 Dec/16
Ireland 0.30 Jan/17
Israel 0.10 Jan/17
Italy 0.90 Jan/17
Ivory Coast 1.10 Jan/17
Jamaica 2.60 Jan/17
Japan 0.30 Dec/16
Jordan 2.50 Jan/17
Kazakhstan 7.90 Jan/17
Kenya 6.99 Jan/17
Kosovo 1.70 Jan/17
Kuwait 3.51 Dec/16
Kyrgyzstan 0.50 Jan/17
Laos 2.27 Jan/17
Latvia 2.90 Jan/17
Lebanon 4.68 Jan/17
Lesotho 5.30 Dec/16
Liberia 8.50 Sep/16
Libya 29.40 Sep/16
Liechtenstein 0.30 Jan/17
Lithuania 2.30 Jan/17
Luxembourg 1.70 Jan/17
Macau 1.76 Jan/17
Macedonia 0.60 Jan/17
Madagascar 7.00 Dec/16
Malawi 18.20 Jan/17
Malaysia 3.20 Jan/17
Maldives 1.80 Dec/16
Mali -0.70 Nov/16
Malta 1.00 Dec/16
Mauritania 2.80 Dec/16
Mauritius 1.80 Jan/17
Mexico 4.72 Jan/17
Moldova 3.00 Jan/17
Mongolia 3.30 Jan/17
Montenegro 0.90 Dec/16
Morocco 1.80 Dec/16
Mozambique 20.56 Jan/17
Myanmar 11.38 May/16
Namibia 8.20 Jan/17
Nepal 3.20 Jan/17
Netherlands 1.70 Jan/17
New Caledonia 0.60 Dec/16
New Zealand 1.30 Dec/16
Nicaragua 3.88 Jan/17
Niger -2.20 Dec/16
Nigeria 18.72 Jan/17
North Korea 55.00 Jul/13
Norway 2.80 Jan/17
Oman 1.80 Jan/17
Pakistan 3.66 Jan/17
Palestine -0.26 Jan/17
Panama 1.60 Jan/17
Papua New Guinea 6.80 Sep/16
Paraguay 1.90 Jan/17
Peru 3.10 Jan/17
Philippines 2.70 Jan/17
Poland 1.80 Jan/17
Portugal 1.30 Jan/17
Puerto Rico 0.50 Dec/16
Qatar 1.20 Jan/17
Republic of the Congo 3.70 Apr/15
Romania 0.10 Jan/17
Russia 5.00 Jan/17
Rwanda 12.00 Jan/17
Sao Tome and Principe 5.10 Dec/16
Saudi Arabia -0.40 Jan/17
Senegal 1.80 Jan/17
Serbia 1.60 Dec/16
Seychelles -0.60 Jan/17
Sierra Leone 15.26 Nov/16
Singapore 0.20 Dec/16
Slovakia 0.70 Jan/17
Slovenia 1.30 Jan/17
Somalia -4.00 Dec/14
South Africa 6.60 Jan/17
South Korea 2.00 Jan/17
South Sudan 479.70 Dec/16
Spain 3.00 Jan/17
Sri Lanka 5.60 Jan/17
Sudan 30.47 Dec/16
Suriname 52.40 Dec/16
Swaziland 8.70 Dec/16
Sweden 1.40 Jan/17
Switzerland 0.30 Jan/17
Syria 52.50 Jul/16
Taiwan 2.25 Jan/17
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Tanzania 5.20 Jan/17
Thailand 1.55 Jan/17
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Trinidad and Tobago 2.90 Nov/16
Tunisia 4.60 Jan/17
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Uganda 5.90 Jan/17
Ukraine 12.60 Jan/17
United Arab Emirates 2.60 Nov/16
United Kingdom 1.80 Jan/17
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