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

Consumer prices in Turkey jumped 12.98 percent year-on-year in November of 2017, accelerating from a 11.90 percent increase in October and easily beating market expectations of 7.50 percent. It was the highest inflation rate since February 2004, as cost went up at a faster pace for food, housing and transportation. Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, increased to a near 14-year high of 12.08 percent in November from 11.82 percent in October. On a monthly basis, consumer prices increased 1.49 percent, also beating expectations of a 1.2 percent gain. Inflation Rate in Turkey averaged 35.41 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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Turkish Inflation Rate Jumps to a Near 14-Year High


Consumer prices in Turkey jumped 12.98 percent year-on-year in November of 2017, accelerating from a 11.90 percent increase in October and easily beating market expectations of 7.50 percent. It was the highest inflation rate since February 2004, as cost went up at a faster pace for food, housing and transportation.

Year-on-year, prices went up at a faster pace for: Food and non-alcoholic beverages (15.78 percent from 12.74 percent in October); housing and utilities (9.81 percent from 9.40 percent); transportation (18.56 percent from 16.79 percent); furnishing, household equipment, routine maintenance of the house (12.85 percent from 11.65 percent); miscellaneous goods and services (13.39 percent from 12.63 percent); health (12.38 percent from 12.21 percent); and alcoholic beverages and tobacco (10.41 percent from 10.40 percent). Meanwhile, inflation slowed for recreation and culture (9.90 percent from 11.04 percent in October); hotels, cafes and restaurants (11.43 percent from 11.46 percent); clothing and footwear (11.30 percent from 11.42 percent); education (10.46 percent from 10.48 percent); and communication (1.44 percent from 1.84 percent).

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, increased to a near 14-year high of 12.08 percent in November from 11.82 percent in October.

On a monthly basis, consumer prices increased 1.49 percent, also beating expectations of a 1.2 percent gain. The highest increases were recorded for cost of clothing and footwear (3.77 percent), food and non-alcoholic beverages (2.11 percent); transportation (2.01 percent), miscellaneous goods and services (1.84 percent), and housing (1.25 percent).



Turkish Statistical Institute l Chusnul Ch Manan |
12/4/2017 9:24:23 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-03 07:00 AM Inflation Rate YoY 11.2% 10.68% 10.2%
2017-11-03 07:00 AM Inflation Rate YoY 11.90% 11.2% 11.50% 11.7%
2017-12-04 07:00 AM Inflation Rate YoY 12.98% 11.90% 7.50% 12.4%
2018-01-03 07:00 AM Inflation Rate YoY 12.98%
2018-02-03 07:00 AM Inflation Rate YoY
2018-03-03 07:00 AM Inflation Rate YoY


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 12.98 11.90 138.71 -4.01 percent [+]
Inflation Rate Mom 1.49 2.08 3.27 -1.43 percent [+]
Consumer Price Index CPI 325.18 320.40 325.18 94.77 Index Points [+]
Core Consumer Prices 282.36 279.37 282.36 94.47 Index Points [+]
Core Inflation Rate 12.08 11.82 12.09 2.50 percent [+]
GDP Deflator 179.70 164.20 179.70 59.40 Index Points [+]
Producer Prices 312.21 306.04 312.21 0.01 Index Points [+]
Producer Prices Change 17.30 17.28 139.90 -3.75 percent [+]
Export Prices 95.05 95.86 128.12 58.61 Index Points [+]
Import Prices 90.31 89.90 127.41 45.77 Index Points [+]
Food Inflation 15.78 12.74 17.08 1.38 percent [+]
Harmonised Consumer Prices 124.62 122.79 124.62 1.20 Index Points [+]
CPI Transportation 321.23 314.89 321.23 94.61 Index Points [+]


Turkey Inflation Rate

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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
12.98 11.90 138.71 -4.01 1965 - 2017 percent Monthly
2003=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.80 Nov/17
Canada 1.40 Oct/17
China 1.70 Nov/17
Euro Area 1.50 Nov/17
France 1.20 Nov/17
Germany 1.80 Nov/17
India 4.88 Nov/17
Indonesia 3.30 Nov/17
Italy 0.90 Nov/17
Japan 0.20 Oct/17
Mexico 6.63 Nov/17
Netherlands 1.50 Nov/17
Russia 2.50 Nov/17
South Korea 1.30 Nov/17
Spain 1.70 Nov/17
Switzerland 0.80 Nov/17
Turkey 12.98 Nov/17
United Kingdom 3.10 Nov/17
United States 2.20 Nov/17