Cost of food in Turkey increased 11.87 percent in May of 2020 over the same month in the previous year.
Food Inflation in Turkey averaged 10.61 percent from 2004 until 2020, 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. This page provides the latest reported value for - Turkey Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Food Inflation - values, historical data and charts - was last updated on June of 2020. source: Turkish Statistical Institute
Food Inflation in Turkey is expected to be 11.00 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 8.40 in 12 months time. In the long-term, the Turkey Food Inflation is projected to trend around 7.50 percent in 2021 and 8.00 percent in 2022, according to our econometric models.