Turkish annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, decreased to 20.72 percent in November 2018 from an all-time high of 24.34 percent in the previous month. Core Inflation Rate in Turkey averaged 7.81 percent from 2004 until 2018, reaching an all time high of 24.34 percent in October of 2018 and a record low of 2.50 percent in October of 2010.
Core Inflation Rate in Turkey is expected to be 19.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Turkey to stand at 16.00 in 12 months time. In the long-term, the Turkey Core Inflation Rate is projected to trend around 10.50 percent in 2020, according to our econometric models.