Turkey's consumer price inflation rate stood at 11.75 percent year-on-year in September 2020, little-changed from the previous two months and compared to market expectations 12.13 percent, as the lira hit multiple record lows. Main upward pressure came from food and non-alcoholic beverages (14.95 percent vs 13.51 percent), transportation (12.95 percent vs 12.69 percent), housing and utilities (10.0 percent vs 11.34 percent), hotels, cafes and restaurants (10.92 percent vs 11.80 percent), furnishing and household equipment (11.34 percent vs 8.90 percent), clothing and footwear (6.91 percent vs 9.22 percent), alcoholic beverages and tobacco (0.68 percent vs 2.44 percent) and miscellaneous goods and services (25.17 percent vs 26.99 percent). source: Turkish Statistical Institute

Inflation Rate in Turkey averaged 34.36 percent from 1965 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Inflation Rate in Turkey is expected to be 10.00 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 7.20 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 6.80 percent in 2021 and 5.70 percent in 2022, according to our econometric models.

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Turkey Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.75 11.77 138.71 -4.01 1965 - 2020 percent Monthly
2003=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-03 07:00 AM Jun 12.62% 11.39% 12.09% 12.25%
2020-08-04 07:00 AM Jul 11.76% 12.62% 12.1% 12%
2020-09-03 07:00 AM Aug 11.77% 11.76% 11.91% 12.1%
2020-10-05 07:00 AM Sep 11.75% 11.77% 12.13% 12.3%
2020-11-03 07:00 AM Oct 11.75%
2020-12-03 07:00 AM Nov


News Stream
Turkish Inflation Rate Little-Changed in September
Turkey's consumer price inflation rate stood at 11.75 percent year-on-year in September 2020, little-changed from the previous two months and compared to market expectations 12.13 percent, as the lira hit multiple record lows. Main upward pressure came from food and non-alcoholic beverages (14.95 percent vs 13.51 percent), transportation (12.95 percent vs 12.69 percent), housing and utilities (10.0 percent vs 11.34 percent), hotels, cafes and restaurants (10.92 percent vs 11.80 percent), furnishing and household equipment (11.34 percent vs 8.90 percent), clothing and footwear (6.91 percent vs 9.22 percent), alcoholic beverages and tobacco (0.68 percent vs 2.44 percent) and miscellaneous goods and services (25.17 percent vs 26.99 percent).
2020-10-05
Turkish Inflation Rate Remains Elevated in August
Turkey's consumer price inflation rate stood at 11.77 percent year-on-year in August 2020, little-changed from the previous month's 11.76 percent and compared to market expectations 11.91 percent, as the lira hit an all-time low. Main upward pressure came from food and non-alcoholic beverages (13.51 percent), transportation (12.69 percent), housing and utilities (11.34 percent), hotels, cafes and restaurants (11.80 percent), furnishing and household equipment (8.90 percent), clothing and footwear (9.22 percent), alcoholic beverages and tobacco (2.44 percent) and miscellaneous goods and services (26.99 percent). The annual core inflation rate, which excludes volatile items such as energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, rose to 11.03 percent in August from 10.25 percent in July.
2020-09-03
Turkey Inflation Rate Slows More than Expected in July
Turkey's consumer price inflation rate eased to 11.76 percent year-on-year in June 2020, from a ten-month high of 12.62 percent in the previous month and below market expectations of 12.1 percent, as the economy continued to emerge from the coronavirus-induced lockdown. Cost rose at a softer pace for food & non-alcoholic beverages (12.73 percent vs 12.93 percent), transportation (8.81 percent vs 10.96 percent), housing & utilities (12.53 percent vs 14.95 percent), hotels, cafes & restaurants (10.92 percent vs 11.13 percent), clothing & footwear (10.34 percent vs 10.66 percent), and alcoholic beverages & tobacco (21.78 percent vs 22.41 percent). Meanwhile, miscellaneous goods & services inflation picked up to 21.90 percent from 19.80 percent.
2020-08-04
Turkey Inflation Rate Climbs to 10-Month High
Turkey's consumer price inflation rate rose to 12.62 percent year-on-year in June 2020, the highest since August 2019 and above market expectations of 12.09 percent, as the economy re-opened from the coronavirus-induced restriction measures. Cost rose at a faster pace for food & non-alcoholic beverages (12.93 percent vs 12.87 percent), transportation (10.96 percent vs 6.69 percent), housing & utilities (14.95 percent vs 14.45 percent), hotels, cafes & restaurants (11.13 percent vs 10.94 percent), clothing & footwear (10.66 percent vs 7.68 percent), and alcoholic beverages & tobacco (22.41 percent vs 21.41 percent). Meanwhile, miscellaneous goods & services inflation slowed to 19.80 percent from 20.86 percent.
2020-07-03

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).