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. Inflation Rate in Turkey averaged 34.84 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.