Turkish annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, decreased to 19.02 percent in January 2019 from 19.53 percent in the previous month.It was the lowest inflation since August. Core Inflation Rate in Turkey averaged 7.94 percent from 2004 until 2018, reaching an all time high of 24.34 percent in October of 2018 and a record low of 2.50 percent in October of 2010.
Core Inflation Rate in Turkey is expected to be 18.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Turkey to stand at 14.50 in 12 months time. In the long-term, the Turkey Core Inflation Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.