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

Turkey's consumer prices went up by 8.79 percent year-on-year in July 2016 following a 7.54 percent rise in a month earlier, beating market expectation of 8.2 percent growth. It was the highest figure since January, mostly due to a sharper rise in food cost. Inflation Rate in Turkey averaged 36.11 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
8.79 7.64 138.71 -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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-03 07:00 AM May 6.58% 6.57% 6.90% 6.82%
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 8.79% 8.2%
2016-10-03 07:00 AM Sep 8.7%
2016-11-03 08:00 AM Oct 8.6%

Turkey Inflation Rate at 6-Month High of 8.79% in July


Turkey's consumer prices went up by 8.79 percent year-on-year in July 2016 following a 7.54 percent rise in a month earlier, beating market expectation of 8.2 percent growth. It was the highest figure since January, mostly due to a sharper rise in food cost.

Year-on-year, prices of food and non-alcoholic beverages jumped 9.69 percent (+6.63 percent in June); housing and utilities cost rose 6.69 percent (+6.68 percent in June) and cost of transportation increased by 6.13 percent(+6.45 percent). Additional upward pressure came from: furnishings, household equipment, routine maintenance of the house (+8.21 percent from +9.75 percent); hotels, cafes and restaurants (+9.96 percent from +9.95 percent); clothing and footwear (+8.26 percent from +7.31 percent); alcoholic beverages and tobacco (+19.36 percent from +12.80 percent); and miscellaneous goods and services (+12.68 percent from +11.33 percent).

On a monthly basis, consumer prices rose 1.16 percent, accelerating from a 0.47 percent rise in June and above market expectations of 0.72 percent gain. Prices of food and non-alcoholic beverages (+3.16 percent from +1.16 percent in June) and hotels, cafes and restaurants (+1.22 percent from+0.49 percent) went up sharply; while cost of clothing and footwear (-4.14 percent from -1.33 percent) dropped.

Turkstat | Mojdeh Kazemi | mojdeh@tradingeconomics.com
8/3/2016 8:17:53 AM

Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 8.79 7.64 138.71 -4.01 percent [+]
Inflation Rate Mom 1.16 0.47 3.27 -1.43 percent [+]
Consumer Price Index CPI 282.58 279.33 282.58 94.77 Index Points [+]
Core Consumer Prices 108.99 108.78 108.99 1.34 Index Points [+]
Core Inflation Rate 8.80 8.70 93.70 3.00 percent [+]
GDP Deflator 1576.15 1487.87 1576.15 86.57 Index Points [+]
Producer Prices 257.81 257.27 257.81 0.01 Index Points [+]
Producer Prices Change 3.96 3.41 139.90 -3.75 percent [+]
Export Prices 93.28 93.05 128.12 58.61 Index Points [+]
Import Prices 83.57 82.70 127.41 45.77 Index Points [+]
Food Inflation 9.69 6.63 17.08 1.38 percent [+]
Harmonised Consumer Prices 108.09 106.76 108.09 1.20 percent [+]
Cpi Transportation 256.90 256.62 256.90 94.61 Index Points [+]




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