The Turkish consumer price inflation eased to 20.30 percent year-on-year in December 2018 from 21.62 percent in the prior month, and slightly below market expectations of 20.52 percent. It was the lowest inflation rate since August, mainly due to a softer rise in prices of food, housing, and transport. Inflation Rate in Turkey averaged 35.02 percent from 1965 until 2018, 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 9.50 percent in 2020, according to our econometric models.