News

Turkish Inflation Rate Rises Less than Expected
Turkey's annual inflation rate increased to 10.56 percent in November 2019 from a near three-year low of 8.55 percent in the previous month, and slightly below market expectations of 11 percent.
Published on 2019-12-03

Turkish Inflation Rate at Near 3-Year Low
Turkey's annual inflation rate dropped to 8.55 percent in October 2019 from 9.26 percent in the previous month. It was the lowest rate since December 2016, mainly due to a slowdown in food and housing inflation.
Published on 2019-11-04

Turkish Inflation Rate Drops to Near 3-Year Low
Turkey's annual inflation rate fell to 9.26 percent in September 2019 from 15.01 percent in the previous month. It was the lowest rate since January 2017.
Published on 2019-10-03

Turkish Inflation Rate Eases to 15-Month Low
Turkey's annual inflation rate fell to 15.01 percent in August of 2019 from 16.65 percent in the previous month and below market expectations of 15.51 percent. It was the lowest rate since May 2018.
Published on 2019-09-03

Turkey Annual Inflation Rate Rises to 16.65% in July
Turkey’s annual inflation rate increased to 16.65 percent in July of 2019 from June’s one-year low of 15.72 percent and below market expectations of 16.9 percent, mainly due to a rise in prices of housing and utilities and transport.
Published on 2019-08-05

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.
Published on 2019-07-03

Turkish Inflation Rate Eases to 9-Month Low
Turkey's annual inflation rate fell to 18.71 percent in May 2019 from 19.50 percent in the previous month and below market expectations of 19.1 percent. It was the lowest rate since August last year.
Published on 2019-06-03

Turkish Inflation Rate at 8-Month Low of 19.50% in April
The Turkish annual inflation rate fell to 19.50 percent in April 2019 from 19.71 percent in the previous month and below market expectations of 19.57 percent. This is the lowest inflation rate since August last year, as prices slowed mostly for housing & utilities and transport. However, cost continued to rise for food.
Published on 2019-05-03

Turkish March Inflation Rate Edges Up to 19.71%
The Turkish annual inflation rate rose to 19.71 percent in March 2019 from a six-month low of 19.67 percent in the prior month while markets had expected it to drop to 19.57 percent. Prices increased faster mainly for food and non-alcoholic beverages.
Published on 2019-04-03

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.
Published on 2019-03-04

Turkish January Inflation Rate Above Expectations
The Turkish consumer price inflation rose slightly to 20.35 percent year-on-year in January 2019 from 20.30 percent in the prior month, and slightly above market expectations of 20.29 percent. Food prices increased faster while both housing and transport inflation eased.
Published on 2019-02-04

Turkish December Inflation Rate Falls Below Forecasts
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 softer rises in prices of food, housing, and transport.
Published on 2019-01-03

Turkish November Inflation Rate Lower than Expected
The Turkish consumer price inflation eased to 21.62 percent year-on-year in November 2018 from a near 15-year high of 25.24 percent in the prior month, and below market expectations of 22.58 percent. It was the lowest inflation rate since August mainly due to a favourable trend in oil, lira recovery and tax cuts in consumer durables, furniture and automobile introduced by the government in early November.
Published on 2018-12-03

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.
Published on 2018-11-05

Turkish Inflation Rate Jumps to 15-Year High
The Turkish consumer price inflation climbed to 24.52 percent year-on-year in September 2018, the highest level since August 2003, as the impact of a currency crisis continued to hurt the economy. The sharp increase in inflation came in despite a 625 bps hike in interest rates on September 13th.
Published on 2018-10-03

Turkish Inflation Rate Hits New 14-1/2-Year High
The Turkish consumer price inflation rose to 17.90 percent year-on-year in August 2018 from 15.85 percent in the previous month, and below market expectations of 21.50 percent. Still, inflation remained well above the central bank's target of 5 percent and hit the highest level since December 2003 as the lira slumped to fresh record lows amid a currency crisis.
Published on 2018-09-03

Turkey Inflation Rate Highest Since 2004
The annual inflation rate in Turkey increased to 15.85 percent in July of 2018 from 15.35 percent in June. It was the highest inflation rate since January of 2004, mainly boosted by higher prices of food and non-alcoholic beverages and housing and utilities.
Published on 2018-08-03

Turkish Inflation Rate Jumps to 14-1/2-Year High
Turkish consumer price inflation rose to 15.39 percent year-on-year in June 2018 from 12.15 percent in the previous month. The inflation came in way above the central bank's target of 5 percent and hit the highest level since January 2004 on the back of persistent currency weakness.
Published on 2018-07-03

Turkish Inflation Rate Rises to 6-Month High
Turkish consumer price inflation jumped to a six-month high of 12.15 percent year-on-year in May 2018 from 10.85 percent in the previous month. Also, May's rate was the second-highest since February 2004.
Published on 2018-06-04

Turkey April Inflation Rate Picks Up to 4-Month High
Consumer price inflation in Turkey jumped 10.85 percent year-on-year in April of 2018, up from 10.23 percent in March and reaching its highest since December.
Published on 2018-05-03

Turkish March Inflation Rate Lowest in 8 Months
Consumer prices in Turkey rose 10.23 percent year-on-year in March of 2018, easing slightly from a 10.26 percent increase in the prior month. The inflation rate remained at its lowest level since July.
Published on 2018-04-03

Turkish Inflation Rate Eases to 7-Month Low
Consumer prices in Turkey increased 10.26 percent year-on-year in February 2018, easing from a 10.35 percent gain in the previous month. It was the lowest inflation rate since July, as prices rose at a slower pace for housing and transportation.
Published on 2018-03-05

Turkish Inflation Rate at 6-Month Low
Consumer prices in Turkey increased 10.35 percent year-on-year in January 2018, easing from a 11.92 percent gain in the previous month. It was the lowest inflation rate since July, as prices rose at a slower pace for food and transportation.
Published on 2018-02-05

Turkish Inflation Rate Falls from 14-Year High
Turkish consumer price inflation eased to 11.92 percent year-on-year in December 2017 from 14-year high of 12.98 percent in the previous month, as prices rose at a softer pace for food, housing, and transportation.
Published on 2018-01-03

Turkish Inflation Rate Jumps to a Near 14-Year High
Consumer prices in Turkey jumped 12.98 percent year-on-year in November of 2017, accelerating from a 11.90 percent increase in October and easily beating market expectations of 7.50 percent. It was the highest inflation rate since February 2004, as cost went up at a faster pace for food, housing and transportation.
Published on 2017-12-04

Turkish Inflation Rate at 9-Year High of 11.9% in October
Consumer prices in Turkey increased 11.90 percent year-on-year in October of 2017, accelerating from a 11.20 percent rise in September and above market expectations of 11.50 percent gain. It was the highest inflation rate since October 2008, as cost went up at a faster pace for food, housing, and transport.
Published on 2017-11-03

Turkish Inflation Rate Rises to 4-Month High in September
Consumer prices in Turkey increased 11.20 percent year-on-year in September of 2017, accelerating from a 10.68 percent rise in August. It was the highest inflation rate since May, as cost went up at a faster pace for food and housing.
Published on 2017-10-03

Turkish Inflation Rate Rises to 10.68% in August
Consumer prices in Turkey increased 10.68 percent year-on-year in August of 2017, above a 9.79 percent rise in July and market expectations of 9.9 percent. Cost roe at a faster pace for: food and non-alcoholic beverages; housing, and transportation.
Published on 2017-09-05

Turkey Inflation Rate Falls to 6-Month Low of 9.79%
Consumer prices in Turkey increased 9.79 percent year-on-year in July of 2017, below a 10.9 percent rise in June and market expectations of 9.9 percent. It is the lowest inflation rate since January amid a slowdown in food cost.
Published on 2017-08-03

Turkish Inflation Rate Slows To 4-Month Low In June
Turkish consumer prices increased by 10.9 percent year-on-year in June 2017, easing from an 11.72 percent gain in the previous month and below market expectations of 11.3 percent. It was the lowest inflation rate since February, as cost of food and transport rose at a slower pace.
Published on 2017-07-03

Turkey Inflation Rate Edges Down To 11.72% In May
Consumer prices in Turkey rose 11.72 percent year-on-year in May of 2017, slightly below an 8-year high of 11.87 percent in the previous month. Prices eased mostly for transport while food inflation was the highest since October of 2010.
Published on 2017-06-05

Turkish Inflation Rate Highest Since 2008
Consumer prices in Turkey jumped 11.87 percent year-on-year in April of 2017, following a 11.29 percent rise in the prior month. It is the highest inflation rate since October of 2008, as cost of food and transport increased at a faster pace.
Published on 2017-05-03

Turkish Inflation Rate At Near 8-1/2 Year High In March
Consumer prices in Turkey increased by 11.29 percent year-on-year in March of 2017, following a 10.13 percent rise in the previous month. It was the highest inflation since October 2008, as cost of food and housing went up at a faster pace.
Published on 2017-04-03

Turkish Consumer Prices Rise The Most In Nearly 5 Years
Consumer prices in Turkey increased by 10.13 percent year-on-year in February of 2017, following a 9.22 percent rise in the previous month and beating market expectations of a 9.6 percent gain. It was the highest inflation since April 2012, as cost of food, transport and housing went up at a faster pace.
Published on 2017-03-03

Turkish Inflation Rate at-5 Month High of 8.53% in December
Consumer prices in Turkey increased 8.53 percent year-on-year in December of 2016, following a 7 percent rise in the previous month while market expected a 7.6 percent gain. It was the highest inflation since July, as cost of food and non-alcoholic beverages, housing, utilities and transportation increased at a faster pace.
Published on 2017-01-03

Turkish Inflation Rate at 6-Month Low of 7.0% in November
Consumer prices in Turkey rose 7.0 percent year-on-year in November of 2016, following a 7.16 percent rise in October. It was the lowest reading since May, as cost of food and non-alcoholic beverages increased at a slower pace. On a monthly basis, consumer prices rose 0.52 percent and below market expectations of 0.8 percent gain.
Published on 2016-12-05

Turkey Inflation Rate at 5-Month Low of 7.16% in October
Consumer prices in Turkey increased 7.16 percent year-on-year in October of 2016, following 7.28 percent growth in the previous month and below market expectations of 7.4 percent growth. It was the lowest inflation rate since May, as cost of housing and utilities at a slower pace. On a monthly basis, consumer prices jumped 1.44 percent, driven by 10.4 percent growth in clothing and footwear prices.
Published on 2016-11-03

Turkey Inflation Rate at 4-Month Low of 7.3% in September
Consumer prices in Turkey rose 7.3 percent year-on-year in September of 2016, following 8.1 percent increase in August and below market expectations of 7.8 percent. It was the lowest inflation rate since May, as cost of food rose at a slower pace. On a monthly basis, consumer prices went up 0.18 percent.
Published on 2016-10-03

Turkey Inflation Rate Eases to 8% in August
Consumer prices in Turkey rose 8.05 percent year-on-year in August of 2016, slowing from an 8.79 percent increase in July as food inflation eased. On a monthly basis, consumer prices went down 0.29 percent, the biggest drop since June last year.
Published on 2016-09-05

Turkey Inflation Rate at 6-Month High of 8.79% in July
Turkey's consumer prices went up by 8.79 percent year-on-year in July 2016 following a 7.54 percent rise in a month earlier, beating market expectation of 8.2 percent growth. It was the highest figure since January, mostly due to a sharper rise in food cost.
Published on 2016-08-03

Turkey Holds Key Rate, Cuts Lending Rate for 5th Time
Turkish central bank kept its benchmark one-week repo rate on hold at 7.5 percent on July 19th, as widely expected. Policymakers said the current monetary policy stance, the cautious macroprudential policies and the effective use of the policy instruments increased the resilience of the economy against shocks, after a failed attempt at a military coup in the country led to sharp fluctuations in financial markets. Meanwhile, the bank lowered its overnight lending rate for a fifth time in a row to 8.75 percent, signaling further willingness to ease policy, and kept the overnight borrowing rate at 7.25 percent.
Published on 2016-07-19

Turkish Inflation Rate Rises to 4-Month High
Turkey's consumer prices increased by 7.54 percent year-on-year in June 2016 compared with a 6.58 percent growth in the previous month. It was the highest reading since February, as cost of food and transportation advanced at a faster pace.
Published on 2016-07-04

Turkey Inflation Rate Unchanged in May
Consumer prices in Turkey increased by 6.58 percent year-on-year in May of 2016, virtually unchanged from April's 6.57 percent growth and missing market consensus of 6.90 percent gain. While prices of food increased further, cost of housing, transportation and furnishings rose at a slower pace.
Published on 2016-06-03

Turkish Inflation Rate at Nearly 3-Year Low
Consumer prices in Turkey went up by 6.57 percent year-on-year in April of 2016, following a 7.46 percent rise in March and below market expectation of 6.83 percent increase. It is the lowest figure since May 2013 as cost of food increased at a slower pace.
Published on 2016-05-03

Turkish Inflation Rate at 7-Month Low
Consumer prices in Turkey increased by 7.46 percent year-on-year in March of 2016, easing from an 8.78 percent growth in the previous month. It is the lowest figure since August 2015, due to slower rise in cost of food, housing, utilities and transport.
Published on 2016-04-04

Turkish Inflation Rate Slows to 8.8% in February
Consumer prices in Turkey increased by 8.78 percent year-on-year in February of 2016, easing from a 9.58 percent growth in the previous month while staying below market consensus of 9.35 percent, as cost of food and transportation rose at a slower pace.
Published on 2016-03-03

Turkey Inflation Rate Highest Since May 2014
Consumer prices in Turkey increased by 9.58 percent year-on-year in January of 2016, accelerating from 8.81 percent in the previous month and beating market consensus. It was the highest value since May of 2014, as cost of food, housing and transportation rose at a faster pace.
Published on 2016-02-03

Turkey Inflation Rate Up to 8.81%
Consumer prices in Turkey increased 8.81 percent year-on-year in December of 2015, higher than an 8.1 percent rise in November and the biggest jump since November of 2014.
Published on 2016-01-04

Turkey Inflation Rate At 11-Month High
Consumer prices in Turkey rose 8.1 percent year-on-year in November of 2015, accelerating from 7.58 percent in the previous month and above market consensus. It was the highest value since December of 2014, pushed up by cost of food & non-alcoholic beverages and housing & utilities.
Published on 2015-12-03

Turkey Inflation Rate Eases in October
Consumer prices in Turkey rose 7.58 percent year-on-year in October of 2015, slowing from 7.95 percent in the previous month and below market consensus. A slowdown in cost of food & non-alcoholic beverages and housing & utilities offset an increase in cost of transport and furnishings, household equipment and routine maintenance.
Published on 2015-11-03

Turkey Inflation Rate At 4-Month High in September
Consumer prices in Turkey increased by 7.95 percent year-on-year in May of 2015, up from 7.14 percent in the previous month. It was the highest value since June this year, as cost of food rose at a faster pace.
Published on 2015-10-05

Turkey Inflation Rate Rises in August
Consumer prices in Turkey increased 7.14 percent year-on-year in August of 2015, up from 6.81 percent in the previous month, as cost of food, housing, hotels, cafes and restaurants rose at a faster pace.
Published on 2015-09-03

Turkey Inflation Rate At 31-Month Low in July
Consumer prices in Turkey increased 6.81 percent year-on-year in July of 2015, down from 7.20 percent in the previous month, as cost of food, housing and transportation rose at a slower pace. It was the lowest figure since January of 2013.
Published on 2015-08-03

Turkey Inflation Rate Slows in June
Consumer prices in Turkey increased 7.2 percent year-on-year in June of 2015, down from a 5-month high 8.09 percent in the previous month, as cost of food and transportation rose at a slower pace.
Published on 2015-07-03

Turkey Inflation Rate At 5-Month High
Consumer prices in Turkey increased 8.09 percent year-on-year in May of 2015, up from 7.91 percent in the previous month as cost of transportation and housing rose at a faster pace.
Published on 2015-06-03

Turkey Inflation Rate Rises in April
Turkish consumer prices increased 7.91 percent year-on-year in April of 2015, following a 7.61 percent rise in the previous month. It is the highest inflation rate in four months due to rising food prices.
Published on 2015-05-04

Turkey Inflation Rate at 3-Month High
Turkish consumer prices rose 7.61 percent year-on-year in March of 2015, up from 7.55 percent in February as food prices rose at its fastest pace in four months.
Published on 2015-04-03

Turkey Inflation Edges Up in February
Turkey annual inflation accelerated to 7.55 percent in February of 2015 from a 7.24 percent increase in the previous month due to higher food prices. In February of last year, inflation was 7.4 percent.
Published on 2015-03-03

Turkish Inflation Eases to 14-Month Low in January
Turkish annual inflation rate eased to 7.24 percent in January of 2015 from 8.17 percent in the previous month. It is the lowest figure since November 2013, as prices of services, food and clothing and footwear slowed while cost of transportation fell.
Published on 2015-02-03

Turkey Inflation Rate Slows in December
Turkish annual inflation rate eased to 8.17 percent in December of 2014 from 9.15 percent in the previous month. It is the lowest figure since March of 2014, due to a slowdown in food cost.
Published on 2015-01-05

Turkish Inflation Rate Quickens in November
Turkish annual inflation rate accelerated to 9.15 percent in November of 2014 from 8.96 percent in the previous month, as prices of food; hotels, cafes and restaurants continued to increase.
Published on 2014-12-03

Turkish Inflation Rate Rises in October
Turkish annual inflation rate accelerated to 8.96 percent in October of 2014 from 8.86 percent in September, as prices of food and cost of hotel, cafes and restaurants continued to rise. 
Published on 2014-11-03

Turkey Inflation Rate Eases in September
Turkish annual inflation rate eased to 8.86 percent in September of 2014 from 9.54 percent in August, as food prices slowed, and below market forecasts.
Published on 2014-10-03

Turkish Inflation Rate Continues to Rise in August
Turkish annual inflation rate accelerated to 9.54 percent in August of 2014 from 9.32 percent in July as food prices continued to increase.
Published on 2014-09-03

Turkish Inflation Rate Rises in July
Turkey’s annual inflation rate accelerated to 9.32 percent in July, from 9.16 percent recorded in June as prices of food continued to rise.
Published on 2014-08-04

Turkey Inflation Slows in June
Turkish annual inflation rate decelerated for the first time in seven months to 9.16 percent in June of 2014 from 9.66 percent in the previous month as food prices slowed.
Published on 2014-07-03

Turkey Inflation Rate Rises Further To 2-Year High
Turkish annual consumer inflation accelerated further to 9.66 percent in May of 2014 from 9.38 percent in the previous month, driven by higher food prices.
Published on 2014-06-03

Turkey Inflation Rate At 2-Year High in April
Turkish annual inflation rate quickened to 9.38 percent in April of 2014, up from 8.39 percent in the previous month, driven by higher food and transport cost.
Published on 2014-05-05

Turkish Inflation Rate Rises Further in March
Turkey’s annual inflation rate accelerated to 8.39 percent in March of 2014, from 7.89 a year earlier and 7.29 percent recorded in February of 2014, as food and transportation costs edged up. This is the highest rate in eight months.
Published on 2014-04-03

Turkey Inflation Rate Edges Higher
In February of 2014, Turkish annual inflation rate accelerated for the third straight month to 7.89 percent from 7.75 percent in the previous month. On a monthly basis, prices decelerated to 0.43 percent, following a 1.98 percent rise a month earlier.
Published on 2014-03-03

Turkish Inflation Rate Accelerates for Second Straight Month
In January of 2014, Turkey’s CPI accelerated for the second straight month to 7.75 percent due to higher transport, food and cigarette prices. Inflation has been on an upward trend in recent months driven by a weak lira and higher-than-expected global oil prices.
Published on 2014-02-05

Turkish Inflation Rate Edges Up to 7.4% in December
In December, Turkey's consumer price index rose by 7.4 percent, up from 7.3 percent in the previous month. The slight pick-up was mainly driven by higher transportation and food prices.
Published on 2014-01-03

Turkish Inflation Rate Decelerates Further to 7.3% in November
In November, Turkey's consumer price index rose by 7.3 percent, down from 7.9 percent a month earlier. A slowdown in the rise of food and communication prices was able to offset rising imports costs driven by a weakening lira.
Published on 2013-12-03

Turkey’s Inflation Rate Decelerates to 7.71% in October
In October, Turkish inflation rate slowed for the third consecutive month to 7.71 percent, down from 7.88 percent in September and 7.8 percent a year ago. The slowdown is mainly due to lower housing cost.
Published on 2013-11-04

Turkish Inflation Rate Down to 7.88% in September
In September of 2013, Turkish inflation rate decelerated to 7.88 percent, from 8.2 percent last month, the lowest rate in four months. A slowdown in housing and food prices was enough to offset a rise in transport costs.
Published on 2013-10-03

Turkish Inflation Rate Down to 8.2% in August
In August, Turkey's consumer price index rose by 8.2 percent, down from 8.9 percent a month earlier. A slowdown in the rise of clothing and food prices was able to offset rising imports costs driven by a weakening lira.
Published on 2013-09-03

Turkish Inflation Rate Up to 8.9% in July
In July, Turkey's consumer prices rose 8.9 percent, the highest level since September of 2012, mainly due to higher prices of food, transportation, alcoholic beverages and tobacco. From June to July, the consumer price index increased 0.3 percent.
Published on 2013-08-05

Turkish Inflation Rate Up to 9-Month High in June
In Turkey, the annual inflation rate accelerated in June to 8.3 percent, from 6.51 percent in May, the highest value in nine months, mainly due to higher prices of food, transportation, housing and alcoholic beverages and tobacco. From May to June, the consumer price index increased 0.76 percent.
Published on 2013-07-03

Turkey Annual Inflation Rate Up To 6.51% In May
In Turkey, the inflation rate increased slightly to 6.51 percent in May, from 6.13 percent in April.
Published on 2013-06-03

Turkey Inflation Rate Up to 7.3% in March
In Turkey, the CPI increased on same month of the previous year by 7.29 percent, on the previous month by 0.66 percent, on December of the previous year by 2.63 percent and on the twelve months moving averages basis by 8.08 percent in March 2013.
Published on 2013-04-03

Turkey Inflation Rate Down to 7.0 Percent in February
In February of 2013, there was a rise in CPI over the previous month of 0.30 percent, on December of the previous year of 1.95 percent, on same month of the previous year of 7.03 percent and over the twelve month moving average basis of 8.33 percent.
Published on 2013-03-04

Turkey Inflation Rate Up to 7.3 Percent In January
In January of 2013, there was a rise in CPI over the previous month by 1.65 percent, over December of the previous year by 1.65 percent and over the same month of the previous year by 7.31 percent, according to a release from the Turkish Statistical Institute.
Published on 2013-02-04

Turkey Inflation Rate at 6.37% in November
The Turkish National Statistics Office reported a rise in the Consumer Price Index on month-to-month basis by 0.38%, on December of the previous year by 5.76%, on same month of the previous year by 6.37%, on the twelve months moving averages basis by 9,26%.
Published on 2012-12-14