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.