The Turkish consumer price inflation increased to 25.24 percent year-on-year in October of 2018 from a 24.52 percent in the prior month, and beating market expectations of 24.5 percent. It was the highest inflation rate since July 2003, as both food and housing prices increased faster while transport prices continued to rise amid a falling lira. Inflation Rate in Turkey averaged 35.06 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.

Turkey Inflation Rate
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Turkish October Inflation Rate Highest Since 2003


The Turkish consumer price inflation increased to 25.24 percent year-on-year in October of 2018 from a 24.52 percent in the prior month, and beating market expectations of 24.5 percent. It was the highest inflation rate since July 2003, as both food and housing prices increased faster while transport prices continued to rise amid a falling lira.

Main upward pressure came from: food and non-alcoholic beverages (29.26 percent vs 27.70 percent in September); housing and utilities (25.72 percent vs 21.84 percent); transportation (32 percent vs 36.61 percent); furnishing and household equipment (37.92 percent vs 37.28 percent); hotels, cafes and restaurants (20.06 percent vs 19.09 percent); clothing and footwear (18.45 percent vs 17.16 percent); alcoholic beverages and tobacco (2.06 percent vs 1.88 percent); and miscellaneous goods and services (31.50 percent vs 30.61 percent).
 
Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, rose to an all-time high of 24.34 percent in October from a 24.05 percent in the previous month.

On a monthly basis, consumer prices went up 2.67 percent in October, beating market expectations of a 2 percent gain and following a 6.30 percent rise in September. The sharpest increases were recorded for clothing (12.74 percent); housing, water, electricity, gas and other fuels (4.15 percent); furnishing, household equipment (3.44 percent); food and non-alcoholic beverages (3.22 percent); recreation and culture (2.07 percent), and communication (2.05 percent).
 
 
 


Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
11/5/2018 9:38:14 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-03 07:00 AM Inflation Rate YoY 17.9% 15.85% 21.5% 17.5%
2018-10-03 07:00 AM Inflation Rate YoY 24.52% 17.9% 19.5%
2018-11-05 07:00 AM Inflation Rate YoY 25.24% 24.52% 24.5% 25.8%
2018-12-03 07:00 AM Inflation Rate YoY 25.24% 22.5%


Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 25.24 24.52 138.71 -4.01 percent [+]
Inflation Rate Mom 2.67 6.30 6.30 -1.43 percent [+]
Consumer Price Index CPI 401.27 390.84 401.27 94.77 Index Points [+]
Core Consumer Prices 347.37 338.52 347.37 94.47 Index Points [+]
Core Inflation Rate 24.34 24.05 24.34 2.50 percent [+]
GDP Deflator 172.50 158.20 186.10 59.40 Index Points [+]
Producer Prices 443.78 439.78 443.78 0.01 Index Points [+]
Producer Prices Change 45.01 46.15 139.90 -3.75 percent [+]
Export Prices 93.67 94.04 128.12 58.61 Index Points [+]
Import Prices 92.18 92.41 127.41 45.77 Index Points [+]
Food Inflation 29.26 27.70 29.26 1.38 percent [+]
Harmonised Consumer Prices 153.79 149.79 153.79 1.20 Index Points [+]
Cpi Housing Utilities 441.70 424.11 441.70 96.79 Index Points [+]
CPI Transportation 415.66 419.21 419.21 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
25.24 24.52 138.71 -4.01 1965 - 2018 percent Monthly
2003=100




Country Last
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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