Turkey's annual core inflation rate, which excludes volatile items such as energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, increased to 9.81 percent in December 2019 from 9.25 percent in the previous month. This was the highest inflation since August.
Core Inflation Rate in Turkey averaged 8.29 percent from 2004 until 2019, 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. This page provides the latest reported value for - Turkey Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Turkish Statistical Institute
Core Inflation Rate in Turkey is expected to be 10.20 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 7.60 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.