Turkey's annual inflation rate declined to 15.72 percent in June 2019 from 18.71 percent in the previous month and slightly below market expectations of 15.74 percent. It was the lowest inflation rate since June last year, mainly due to a slowdown in cost of food & non-alcoholic beverages, transportation and housing & utilities. Inflation Rate in Turkey averaged 34.87 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 16.00 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 11.50 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 5.70 percent in 2020, according to our econometric models.

Turkey Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-03 07:00 AM Inflation Rate YoY Mar 19.71% 19.67% 19.57% 19.1%
2019-05-03 07:00 AM Inflation Rate YoY Apr 19.5% 19.71% 19.57% 18.3%
2019-06-03 07:00 AM Inflation Rate YoY May 18.71% 19.5% 19.1% 18.7%
2019-07-03 07:00 AM Inflation Rate YoY Jun 15.72% 18.71% 15.74% 16.8%
2019-08-05 07:00 AM Inflation Rate YoY Jul 15.72%
2019-09-03 07:00 AM Inflation Rate YoY Aug
2019-10-03 07:00 AM Inflation Rate YoY Sep 16%



Turkey Annual Inflation Rate at 1-Year Low in June

Turkey's annual inflation rate declined to 15.72 percent in June 2019 from 18.71 percent in the previous month and slightly below market expectations of 15.74 percent. It was the lowest inflation rate since June last year, mainly due to a slowdown in cost of food & non-alcoholic beverages, transportation and housing & utilities.

Prices eased for food and non-alcoholic beverages (19.20 percent from 28.44 percent in May); housing, water, electricity, gas and other fuels (13.80 percent from 14.68 percent); transportation (10 percent from 12.40 percent); furnishing, household equipment, routine maintenance of the house (22.51 percent from 24.54 percent); and clothing and footwear (4.33 percent from 4.78 percent). On the other hand, cost went up further for hotels, cafes and restaurants (20.84 percent from 19.77 percent); miscellaneous goods and services (26.88 percent from 26.75 percent); and alcoholic beverages and tobacco (19.24 percent from 19.22 percent).

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, slowed to 14.86 percent in June, the lowest since last July, from 15.87 percent in May.

On a monthly basis, consumer prices advanced 0.03 percent, asfter a 0.95 percent rise in May and below market forecasts of 0.05 percent. The sharpest increases were recorded for hotels, cafes and restaurants (2.65 percent); health (2.58 percent), education (2.40 percent), miscellaneous goods and services (1.86 percent), and transportation (0.47 percent). In contrast, prices declined for food and non-alcoholic beverages (-1.65 percent), clothing and footwear (-1.57 percent), communication (-0.34 percent), and recreation and culture (-0.04 percent).


Turkish Statistical Institute | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/3/2019 9:43:19 AM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 15.72 18.71 138.71 -4.01 percent [+]
Inflation Rate Mom 0.03 0.95 6.30 -1.44 percent [+]
Consumer Price Index CPI 413.63 413.52 413.63 94.77 Index Points [+]
Core Consumer Prices 352.59 349.37 352.59 94.47 Index Points [+]
Core Inflation Rate 14.86 15.87 24.34 2.50 percent [+]
GDP Deflator 154.20 180.50 186.10 59.40 Index Points [+]
Producer Prices 457.16 456.74 457.16 0.01 Index Points [+]
Producer Prices Change 25.04 28.71 139.90 -3.75 percent [+]
Export Prices 91.59 91.50 128.12 58.61 Index Points [+]
Import Prices 90.39 91.11 127.41 45.77 Index Points [+]
Food Inflation 19.20 28.44 31.86 1.38 percent [+]
Harmonised Consumer Prices 158.49 157.00 158.49 1.20 Index Points [+]
Cpi Housing Utilities 435.43 434.32 443.79 96.79 Index Points [+]
CPI Transportation 400.11 398.25 419.21 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15.72 18.71 138.71 -4.01 1965 - 2019 percent Monthly
2003=100




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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