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

The inflation rate in Turkey was recorded at 8.17 percent in December of 2014. Inflation Rate in Turkey averaged 36.96 percent from 1965 until 2014, 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
8.17 9.15 138.71 -4.01 1965 - 2014 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, January 27, 2015.


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.

Year-on-year, the highest annual increases were recorded for hotels, cafes and restaurants (+13.98 percent), food and non-alcoholic beverages (+12.73 percent), miscellaneous goods and services (+9.68 percent), health (+8.62 percent) and clothing and footwear (+8.43 percent). Prices of housing, water, electricity and gas rose 6.83 percent.

On a monthly basis, consumer prices fell 0.44 percent after a 0.18 percent rise in November of 2014. Upward pressures came from miscellaneous goods and services (+0.79 percent), hotels, cafes and restaurants (+0.51 percent), housing (+0.13 percent), health (+0.13 percent) and furnishings and household equipment (+0.12 percent). In contrast, cost of clothing and footwear (-3.71 percent) transportation (-1.78 percent) and communications (-0.11 percent) declined.

Turkstat l Carolina Cunha l carolina.cunha@tradingeconomics.com
1/5/2015 10:38:01 AM


Recent Releases

Turkish Inflation Rate Quickens in November
Turkish annual inflation rate accelerated to 9.15 percent in November of 2014 from 8.96 percent in the previous month, as prices of food; hotels, cafes and restaurants continued to increase. Published on 2014-12-03

Turkish Inflation Rate Rises in October
Turkish annual inflation rate accelerated to 8.96 percent in October of 2014 from 8.86 percent in September, as prices of food and cost of hotel, cafes and restaurants continued to rise.  Published on 2014-11-03


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-03 08:00 AM
Inflation Rate YoY  Oct
8.96% 8.86% 8.7% 8.64%
2014-12-03 08:00 AM
Inflation Rate YoY  Nov
9.15% 8.96% 9% 9%
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
8.17% 8.01%
2015-03-03 08:00 AM
Inflation Rate YoY  Feb
7.86%
2015-04-03 08:00 AM
Inflation Rate YoY  Mar
7.84%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 8.17 9.15 138.71 -4.01 percent [+]
Inflation Rate Mom -0.44 0.18 3.27 -1.43 percent [+]
Consumer Price Index CPI 247.72 248.82 248.82 94.77 Index Points [+]
GDP Deflator 1376.84 1380.97 1392.42 86.57 Index Points [+]
Producer Prices 235.84 237.65 239.97 0.01 Index Points [+]
Producer Prices Change 6.36 8.36 139.90 -3.75 percent [+]
Export Prices 104.18 104.83 128.12 58.61 Index Points [+]
Import Prices 103.08 103.90 127.41 45.77 Index Points [+]
Food Inflation 12.73 14.37 17.08 1.76 percent [+]
Core Consumer Prices 186.43 186.95 186.95 2.62 Index Points [+]
Core Inflation Rate 8.80 9.00 93.70 3.00 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.41 Dec/14 6.56 6821.31 1.65 percent [+]
Canada 1.50 Dec/14 2.00 21.60 -17.80 percent [+]
China 1.50 Dec/14 1.40 28.40 -2.20 percent [+]
Euro Area -0.20 Dec/14 0.30 5.00 -0.70 percent [+]
France 0.10 Dec/14 0.30 18.80 -0.70 percent [+]
Germany 0.20 Dec/14 0.57 11.54 -7.62 percent [+]
India 5.00 Dec/14 4.38 11.16 4.38 percent [+]
Indonesia 8.36 Dec/14 6.23 82.40 -1.17 percent [+]
Italy 0.00 Dec/14 0.19 25.64 -2.44 percent [+]
Japan 2.40 Nov/14 2.90 25.00 -2.52 percent [+]
Mexico 4.08 Dec/14 4.17 179.73 2.91 percent [+]
Netherlands 0.70 Dec/14 1.00 11.19 -1.30 percent [+]
Russia 11.40 Dec/14 9.10 2333.30 3.60 percent [+]
South Korea 0.80 Dec/14 1.00 32.50 0.20 percent [+]
Spain -1.00 Dec/14 -0.40 28.43 -1.37 percent [+]
Switzerland -0.30 Dec/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.17 Dec/14 9.15 138.71 -4.01 percent [+]
United Kingdom 0.50 Dec/14 1.00 8.50 0.50 percent [+]
United States 0.80 Dec/14 1.30 23.70 -15.80 percent [+]