Turkey's annual inflation rate increased to 12.37 percent in February 2020, the highest since last August, but below market expectations of 12.70 percent. Inflation accelerated for: housing, water, electricity, gas & other fuels (15.31 percent vs 14.76 percent in January); food & non-alcoholic beverages (10.58 percent vs 9.04 percent); and miscellaneous goods & services (16.44 percent vs 15.01 percent). Meanwhile, prices rose at a slower pace for: transport (11.73 percent vs 12.95 percent); hotels, cafes & restaurants (13.45 percent vs 13.52 percent); and furnishing & household equipment (7.36 percent vs 7.51 percent). Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, also rose to a six-month high of 9.97 percent. On a monthly basis, consumer prices went up 0.35 percent, the least since June last year.

Inflation Rate in Turkey averaged 34.60 percent from 1965 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020. source: Turkish Statistical Institute

Inflation Rate in Turkey is expected to be 10.10 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 8.60 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 5.70 percent in 2021, according to our econometric models.

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Turkey Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.37 12.15 138.71 -4.01 1965 - 2020 percent Monthly
2003=100


Calendar GMT Actual Previous Consensus TEForecast
2019-12-03 07:00 AM Nov 10.56% 8.55% 11% 11.5%
2020-01-03 07:00 AM Dec 11.84% 10.56% 11.56% 11.8%
2020-02-03 07:00 AM Jan 12.15% 11.84% 11.86% 11.8%
2020-03-03 07:00 AM Feb 12.37% 12.15% 12.7% 13%
2020-04-03 07:00 AM Mar 12.37% 11.85% 12%
2020-05-04 07:00 AM Apr
2020-06-03 07:00 AM May
2020-07-03 07:00 AM Jun 8.9%


News Stream
Turkish Inflation Rate Below Forecasts in February
Turkey's annual inflation rate increased to 12.37 percent in February 2020, the highest since last August, but below market expectations of 12.70 percent. Inflation accelerated for: housing, water, electricity, gas & other fuels (15.31 percent vs 14.76 percent in January); food & non-alcoholic beverages (10.58 percent vs 9.04 percent); and miscellaneous goods & services (16.44 percent vs 15.01 percent). Meanwhile, prices rose at a slower pace for: transport (11.73 percent vs 12.95 percent); hotels, cafes & restaurants (13.45 percent vs 13.52 percent); and furnishing & household equipment (7.36 percent vs 7.51 percent). Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, also rose to a six-month high of 9.97 percent. On a monthly basis, consumer prices went up 0.35 percent, the least since June last year.
2020-03-03
Turkish Inflation Rate at 5-Month High of 12.15%
Turkey's annual inflation rate increased to a five-month high of 12.15 percent in January 2020 from 11.84 percent in the previous month, and above market expectations of 11.86 percent. Inflation accelerated for: housing, water, electricity, gas & other fuels (14.76% vs 9.90% in December 2019); transport (12.95% vs 12.21%); hotels, cafes & restaurants (13.52% vs 13.17%); clothing & footwear (6.00% vs 4.53%); and miscellaneous goods and services (15.01% vs 13.63%). Meanwhile, inflation eased for both food & non-alcoholic beverages (9.04% vs 10.89%); and furnishing, household equipment, routine maintenance of the house (7.51% vs 9.79%). Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, rose to a five-month high of 9.88 percent in January from 9.81 percent in December. On a monthly basis, consumer prices went up 1.35 percent, following a 0.74 percent gain in December 2019, the highest since October last year.
2020-02-03
Turkish Inflation Rate at 4-Month High of 11.84%
Turkey's annual inflation rate increased to a four-month high of 11.84 percent in December 2019 from 10.56 percent in the previous month, and slightly above market expectations of 11.56 percent. Inflation accelerated for: food & non-alcoholic beverages (10.89% vs 8.89% in November); housing, water, electricity, gas & other fuels (9.90% vs 9.58%); transport (12.21% vs 8.72%); hotels, cafes & restaurants (13.17% vs 13.07%) and clothing & footwear (4.53% vs 2.21%). Meanwhile, inflation eased for both furnishing, household equipment, routine maintenance of the house (9.79% vs 9.81%) and miscellaneous goods & services (13.63% vs 14.03%). Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, rose to a four-month high of 9.81 percent in December from 9.25 percent in November. On a monthly basis, consumer prices went up 0.74 percent, following a 0.38 percent gain in November.
2020-01-03
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. Food and transport prices rose at a faster pace, while housing inflation eased. Annual core inflation rate, which excludes volatile items such as energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, increased to 9.25 percent from 6.67 percent in the previous month. On a monthly basis, consumer prices went up 0.38 percent, following a 2 percent jump in October.
2019-12-03

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).