The Turkish consumer price inflation eased to 19.67 percent year-on-year in February 2019 from 20.35 percent in the previous month and slightly below market expectations of 19.9 percent. It was the lowest inflation rate since last August, as food and housing prices went up at softer pace while transport prices rose faster. Inflation Rate in Turkey averaged 34.97 percent from 1965 until 2019, 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.

Inflation Rate in Turkey is expected to be 19.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Turkey to stand at 15.10 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 7.50 percent in 2020, according to our econometric models.

Turkey Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-03 07:00 AM Inflation Rate YoY 21.62% 25.24% 22.58% 22.5%
2019-01-03 07:00 AM Inflation Rate YoY 20.3% 21.62% 20.52% 20%
2019-02-04 07:00 AM Inflation Rate YoY 20.35% 20.3% 20.29% 20.1%
2019-03-04 07:00 AM Inflation Rate YoY 19.67% 20.35% 19.9% 19.7%
2019-04-03 07:00 AM Inflation Rate YoY 19.67% 19.1%
2019-05-03 07:00 AM Inflation Rate YoY
2019-06-03 07:00 AM Inflation Rate YoY



Turkish Inflation Rate Slows to 6-Month Low

The Turkish consumer price inflation eased to 19.67 percent year-on-year in February 2019 from 20.35 percent in the previous month and slightly below market expectations of 19.9 percent. It was the lowest inflation rate since last August.

Prices increased at softer pace for: food and non-alcoholic beverages (29.25 percent vs 30.97 percent in January); housing and utilities (16.56 percent vs 17.16 percent); furnishing and household equipment (27.59 percent vs 29.07 percent); clothing and footwear (11.62 percent vs 12.47 percent); hotels, cafes and restaurants (19.79 percent vs 19.89 percent); miscellaneous goods and services (28.08 percent vs 29.63 percent). Meanwhile, inflation accelerated for both transportation (15.18 percent vs 14.71 percent) and alcoholic beverages and tobacco (2.71 percent vs 2.63 percent).  
 
Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, declined to a six-month low of 18.12 percent in February from 19.02 percent in the previous month.
 
On a monthly basis, consumer prices went up 0.16 percent in February, following a 1.06 percent rise in January and compared to market expectations of 0.4 percent. The sharpest increases were recorded for health (2.48 percent), education (1.64 percent), food and non-alcoholic beverages (0.90 percent), cafes and restaurants (0.87 percent) and transportation (0.71 percent). By contrast, prices fell for clothing and footwear (-4.81 percent), miscellaneous goods and services (-0.39 percent), recreation and culture (-0.37 percent) and communication (-0.34 percent).


Turkish Statistical Institute | Chusnul Ch Manan | chusnul@tradingeconomics.com
3/4/2019 2:47:16 PM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 19.67 20.35 138.71 -4.01 percent [+]
Inflation Rate Mom 0.16 1.06 6.30 -1.44 percent [+]
Consumer Price Index CPI 398.71 398.07 401.27 94.77 Index Points [+]
Core Consumer Prices 338.58 339.48 347.37 94.47 Index Points [+]
Core Inflation Rate 18.12 19.02 24.34 2.50 percent [+]
GDP Deflator 180.50 183.20 186.10 59.40 Index Points [+]
Producer Prices 425.26 424.86 443.78 0.01 Index Points [+]
Producer Prices Change 29.59 32.93 139.90 -3.75 percent [+]
Export Prices 92.41 92.51 128.12 58.61 Index Points [+]
Import Prices 91.19 92.05 127.41 45.77 Index Points [+]
Food Inflation 29.25 30.97 30.97 1.38 percent [+]
Harmonised Consumer Prices 152.81 152.57 153.79 1.20 Index Points [+]
Cpi Housing Utilities 429.84 429.81 443.79 96.79 Index Points [+]
CPI Transportation 382.29 379.59 419.21 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
19.67 20.35 138.71 -4.01 1965 - 2019 percent Monthly
2003=100




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.40 Jan/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Jan/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.00 Jan/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.80 Jan/19
United States 1.50 Feb/19


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