Turkey's annual inflation rate fell to 9.26 percent in September 2019 from 15.01 percent in the previous month. It was the lowest rate since January 2017, mainly due to a slowdown in food and housing inflation, and a decline in transport cost. Inflation is now expected to rebound by year end to around 12-13 percent, still leaving room for the central bank to ease policy further. Inflation Rate in Turkey averaged 34.78 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 11.50 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 9.10 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
2019-07-03 07:00 AM Inflation Rate YoY Jun 15.72% 18.71% 15.74% 16.8%
2019-08-05 07:00 AM Inflation Rate YoY Jul 16.65% 15.72% 16.9% 16%
2019-09-03 07:00 AM Inflation Rate YoY Aug 15.01% 16.65% 15.51% 15.7%
2019-10-03 07:00 AM Inflation Rate YoY Sep 9.26% 15.01% 15.51% 9.4%
2019-11-04 07:00 AM Inflation Rate YoY Oct 9.26%
2019-12-03 07:00 AM Inflation Rate YoY Nov



Turkish Inflation Rate Drops to Near 3-Year Low

Turkey's annual inflation rate fell to 9.26 percent in September 2019 from 15.01 percent in the previous month. It was the lowest rate since January 2017.

Inflation slowed for: food & non-alcoholic beverages (9.52 percent vs 17.22 percent in August); housing, water, electricity, gas & other fuels (10.34 percent vs 14.02 percent); furnishing, household equipment, routine maintenance of the house (8.66 percent vs 20.13 percent); hotels, cafes & restaurants (14.87 percent vs 18.52 percent); clothing & footwear (2.85 percent vs 4.70 percent); and miscellaneous goods and services (14.98 percent vs 20.98 percent).

In addition, transport prices dropped 0.66 percent, after a 6.72 percent advance in the previous month.

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, eased to 7.54 percent in September from 13.60 percent in August. That was the lowest rate since December 2016.

On a monthly basis, consumer prices went up 0.99 percent, following a 0.86 percent gain in August. The highest monthly price increase was recorded for housing, water, electricity, gas & other fuels (2.15 percent), followed by clothing & footwear (2.13 percent), miscellaneous goods & services (2.09 percent), alcoholic beverages & tobacco (1.79 percent) and transportation (1.61 percent).


Turkish Statistical Institute | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/3/2019 7:19:44 AM



Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 9.26 15.01 138.71 -4.01 percent [+]
Inflation Rate Mom 0.99 0.86 6.30 -1.44 percent [+]
Consumer Price Index CPI 427.04 422.84 427.04 94.77 Index Points [+]
Core Consumer Prices 364.05 360.22 364.05 94.47 Index Points [+]
Core Inflation Rate 7.54 13.60 24.34 2.50 percent [+]
GDP Deflator 170.70 154.80 186.00 59.40 Index Points [+]
Producer Prices 450.55 449.96 457.16 0.01 Index Points [+]
Producer Prices Change 2.45 13.45 139.90 -3.75 percent [+]
Export Prices 90.64 92.22 128.12 58.61 Index Points [+]
Import Prices 87.61 89.12 127.41 45.77 Index Points [+]
Food Inflation 9.52 17.22 31.86 1.38 percent [+]
Harmonised Consumer Prices 162.07 160.68 162.07 1.20 Index Points [+]
Cpi Housing Utilities 467.95 458.10 467.95 96.79 Index Points [+]
CPI Transportation 416.46 409.88 419.21 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.26 15.01 138.71 -4.01 1965 - 2019 percent Monthly
2003=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 2.89 Sep/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 0.90 Sep/19
France 0.90 Sep/19
Germany 1.20 Sep/19
India 3.21 Aug/19
Indonesia 3.39 Sep/19
Italy 0.40 Sep/19
Japan 0.30 Aug/19
Mexico 3.00 Sep/19
Netherlands 2.60 Sep/19
Russia 4.00 Sep/19
Saudi Arabia -1.10 Aug/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea -0.40 Sep/19
Spain 0.10 Sep/19
Switzerland 0.10 Sep/19
Turkey 9.26 Sep/19
United Kingdom 1.70 Aug/19
United States 1.70 Sep/19


Related

Latest