The Turkish consumer price inflation increased 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 went up faster while both housing and transport inflation eased. Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, declined to 19.02 percent in January from 19.53 percent in the previous month.It was the lowest inflation since August. Inflation Rate in Turkey averaged 35 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 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 7.50 percent in 2020, according to our econometric models.

Turkey Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 21.62% 25.24% 22.58% 22.5%
2019-01-03 07:00 AM Inflation Rate YoY 20.3% 21.62% 20.52% 20%
2019-02-04 07:00 AM Inflation Rate YoY 20.35% 20.3% 20.29% 20.1%
2019-03-04 07:00 AM Inflation Rate YoY 20.35% 19.7%
2019-04-03 07:00 AM Inflation Rate YoY 19.1%
2019-05-03 07:00 AM Inflation Rate YoY



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.

Prices advanced faster: food and non-alcoholic beverages (30.97 percent vs 25.11 percent in December); hotels, cafes and restaurants (19.89 percent vs 19.81 percent); miscellaneous goods and services (29.63 percent vs 28.80 percent), and alcoholic beverages and tobacco (2.63 percent vs 2.39 percent). Meanwhile, prices went up softer for: housing and utilities (17.16 percent vs 23.73 percent); transportation (14.71 percent vs 15.97 percent); furnishing and household equipment (29.07 percent vs 31.36 percent); and clothing and footwear (12.47 percent vs 14.83 percent).
 
Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, declined to 19.02 percent in January from 19.53 percent in the previous month. It was the lowest inflation since August.
 
On a monthly basis, consumer prices increased 1.06 percent in January, following a 0.40 percent fall in December and compared to market expectations of a 1 percent rise. The sharpest increases were recorded for food and non-alcoholic beverages (6.43 percent), miscellaneous, goods and services (3.62 percent); health (3.56 percent), recreation and culture (3.18 percent), and communication (0.74 percent).
 
 


Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
2/4/2019 8:04:14 AM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 20.35 20.30 138.71 -4.01 percent [+]
Inflation Rate Mom 1.06 -0.40 6.30 -1.44 percent [+]
Consumer Price Index CPI 398.07 393.88 401.27 94.77 Index Points [+]
Core Consumer Prices 339.48 339.34 347.37 94.47 Index Points [+]
Core Inflation Rate 19.02 19.53 24.34 2.50 percent [+]
GDP Deflator 183.20 172.70 186.10 59.40 Index Points [+]
Producer Prices 424.86 422.94 443.78 0.01 Index Points [+]
Producer Prices Change 32.93 33.64 139.90 -3.75 percent [+]
Export Prices 92.41 92.51 128.12 58.61 Index Points [+]
Import Prices 92.05 92.72 127.41 45.77 Index Points [+]
Food Inflation 30.97 25.11 30.97 1.38 percent [+]
Harmonised Consumer Prices 150.96 151.57 153.79 1.20 Index Points [+]
Cpi Housing Utilities 429.81 443.54 443.79 96.79 Index Points [+]
CPI Transportation 379.59 378.82 419.21 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
20.35 20.30 138.71 -4.01 1965 - 2019 percent Monthly
2003=100




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.30 Dec/18
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia -1.90 Jan/19
Singapore 0.50 Dec/18
South Africa 4.00 Jan/19
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


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