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. Inflation Rate in Turkey averaged 34.95 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 17.50 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 12.20 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.

Turkey Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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 19.67% 20.35% 19.9% 19.7%
2019-04-03 07:00 AM Inflation Rate YoY 19.71% 19.67% 19.57% 19.1%
2019-05-03 07:00 AM Inflation Rate YoY 19.71% 19.57% 18.3%
2019-06-03 07:00 AM Inflation Rate YoY
2019-07-03 07:00 AM Inflation Rate YoY 17.5%



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.

Inflation quickened for food & non-alcoholic beverages (29.77 percent vs 29.25 percent in February); health (19.72 percent vs 17.89 percent) and education (12.17 percent vs 11.60 percent).

On the other hand, prices slowed for housing & utilities (16.36 percent vs 16.56 percent); transport (15.16 percent vs 15.18 percent); furnishings (26.98 percent vs 27.59 percent); hotels, cafes and restaurants (19.60 percent vs 19.79 percent); clothing & footwear (10.97 percent vs 11.62 percent); miscellaneous goods & services (27.94 percent vs 28.08 percent); communication (10.49 percent vs 10.92 percent) and recreation & culture (20.08 percent vs 20.43 percent). At the same time, inflation was steady for alcoholic beverages & tobacco (at 2.71 percent).

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, dropped to a seven-month low 17.53 percent in March 2019 from 18.12 percent in the prior month.

On a monthly basis, consumer prices inched up 1.03 percent, following a 0.16 percent increase in February and above market expectations of a 0.92 percent gain. Main upward pressure came from cost of food & non-alcoholic beverages (2.44 percent vs 0.90 percent); health (3.48 percent vs 2.48 percent) and transport (0.75 percent vs 0.71 percent).

Under the Turkey's New Economic Program (NEP) announced in September 2018, the country's inflation rate target is 15.9 percent in 2019, 9.8 percent next year and 6.0 percent in 2021. In January, the Central Bank of Turkey revised its year-end inflation forecast to 14.6 percent in 2019 from previous 15.2 percent. Then, it is projected to fall to 8.2 percent at the end of 2020 and 5.4 percent at the end of 2021, before stabilizing around 5 percent over the medium term. 



Turkish Statistical Institute | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/3/2019 11:18:19 AM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 19.71 19.67 138.71 -4.01 percent [+]
Inflation Rate Mom 1.03 0.16 6.30 -1.44 percent [+]
Consumer Price Index CPI 402.81 398.71 402.81 94.77 Index Points [+]
Core Consumer Prices 339.53 338.58 347.37 94.47 Index Points [+]
Core Inflation Rate 17.53 18.12 24.34 2.50 percent [+]
GDP Deflator 180.50 183.20 186.10 59.40 Index Points [+]
Producer Prices 431.98 425.26 443.78 0.01 Index Points [+]
Producer Prices Change 29.64 29.59 139.90 -3.75 percent [+]
Export Prices 92.19 92.63 128.12 58.61 Index Points [+]
Import Prices 90.67 91.19 127.41 45.77 Index Points [+]
Food Inflation 29.77 29.25 30.97 1.38 percent [+]
Harmonised Consumer Prices 152.81 152.57 153.79 1.20 Index Points [+]
Cpi Housing Utilities 430.98 429.84 443.79 96.79 Index Points [+]
CPI Transportation 385.14 382.29 419.21 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
19.71 19.67 138.71 -4.01 1965 - 2019 percent Monthly
2003=100




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


Related

Latest