Cost of food in Turkey increased 10.89 percent in December of 2019 over the same month in the previous year. Food Inflation in Turkey averaged 10.63 percent from 2004 until 2019, reaching an all time high of 31.86 percent in April of 2019 and a record low of 1.38 percent in April of 2016. source: Turkish Statistical Institute
Food Inflation in Turkey is expected to be 10.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Turkey to stand at 8.90 in 12 months time. In the long-term, the Turkey Food Inflation is projected to trend around 7.50 percent in 2020, according to our econometric models.