Turkey's consumer price inflation rate stood at 11.75 percent year-on-year in September 2020, little-changed from the previous two months and compared to market expectations 12.13 percent, as the lira hit multiple record lows. Main upward pressure came from food and non-alcoholic beverages (14.95 percent vs 13.51 percent), transportation (12.95 percent vs 12.69 percent), housing and utilities (10.0 percent vs 11.34 percent), hotels, cafes and restaurants (10.92 percent vs 11.80 percent), furnishing and household equipment (11.34 percent vs 8.90 percent), clothing and footwear (6.91 percent vs 9.22 percent), alcoholic beverages and tobacco (0.68 percent vs 2.44 percent) and miscellaneous goods and services (25.17 percent vs 26.99 percent). source: Turkish Statistical Institute
Inflation Rate in Turkey averaged 34.36 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 October of 2020.
Inflation Rate in Turkey is expected to be 10.00 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 7.20 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 6.80 percent in 2021 and 5.70 percent in 2022, according to our econometric models.