Turkey's consumer price inflation rate rose to 16.19 percent year-on-year in March 2021, from 15.61 percent in the previous month and slightly above market expectations of 16.11 percent. It was the highest rate since July 2019, amid a falling lira. Main upward pressure came from food and non-alcoholic beverages (17.44 percent vs 18.40 percent); transportation (24.85 percent vs 22.47 percent); housing and utilities (12.17 percent vs 11.69 percent); furnishing, household equipment, routine maintenance of the house (23.64 percent vs 23.74 percent); hotels, cafes and restaurants (15.39 percent vs 13.44 percent); clothing and footwear (7.43 percent vs 6.31 percent); and miscellaneous goods and services (21.49 percent vs 20.61 percent). On a monthly basis, consumer prices climbed 1.08 percent in March, also above forecasts of 1.04 percent. source: Turkish Statistical Institute

Inflation Rate in Turkey averaged 34.18 percent from 1965 until 2021, 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 April of 2021.

Inflation Rate in Turkey is expected to be 18.00 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 9.10 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 7.80 percent in 2022 and 5.10 percent in 2023, according to our econometric models.

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Turkey Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.19 15.61 138.71 -4.01 1965 - 2021 percent Monthly
2003=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-04 07:00 AM Dec 14.6% 14.03% 14.2% 14%
2021-02-03 07:00 AM Jan 14.97% 14.6% 14.68% 14.6%
2021-03-03 07:00 AM Feb 15.61% 14.97% 15.39% 15.5%
2021-04-05 07:00 AM Mar 16.19% 15.61% 16.11% 16.56%
2021-05-03 07:00 AM Apr 16.19% 17.3% 17.63%
2021-06-03 07:00 AM May
2021-07-05 07:00 AM Jun
2021-08-03 07:00 AM Jul


News Stream
Turkish Inflation Rate Jumps to 20-Month High
Turkey's consumer price inflation rate rose to 16.19 percent year-on-year in March 2021, from 15.61 percent in the previous month and slightly above market expectations of 16.11 percent. It was the highest rate since July 2019, amid a falling lira. Main upward pressure came from food and non-alcoholic beverages (17.44 percent vs 18.40 percent); transportation (24.85 percent vs 22.47 percent); housing and utilities (12.17 percent vs 11.69 percent); furnishing, household equipment, routine maintenance of the house (23.64 percent vs 23.74 percent); hotels, cafes and restaurants (15.39 percent vs 13.44 percent); clothing and footwear (7.43 percent vs 6.31 percent); and miscellaneous goods and services (21.49 percent vs 20.61 percent). On a monthly basis, consumer prices climbed 1.08 percent in March, also above forecasts of 1.04 percent.
2021-04-05
Turkey Inflation Rate Continues to Rise
Consumer prices in Turkey jumped 15.61 percent year-on-year in February of 2021, above 14.97 percent in January and market forecasts of 15.39 percent. It is the highest inflation rate since July of 2019 with transportation (22.47 percent), miscellaneous goods and services (20.61 percent), food and non-alcoholic beverages (18.4 percent) and health (18.11 percent) recording the biggest increases. On a monthly basis, consumer prices rose 0.9 percent, below 1.68 percent in January but above forecasts of 0.7 percent.
2021-03-03
Turkish Inflation Rate Rises to 17-Month High
The inflation rate in Turkey increased to 14.97 percent in January of 2021 from 14.60 percent in December, and above market forecasts of 14.68 percent. It was the highest inflation rate since August 2019, mainly due to a faster rise in prices of both housing, water, electricity, gas and other fuels (11.56 percent vs 9.59 percent in December 2020) and transportation (21.43 vs 21.12 percent). Upward pressure also came from food and non-alcoholic beverages (18.11 vs 20.61 percent), clothing and footwear (2.12 percent vs -0.32 percent), miscellaneous goods and services (24.53 vs 28.12 percent) and alcoholic beverages and tobacco (1.35 percent vs 0.65 percent). On a monthly basis, consumer prices were up 1.68 percent.
2021-02-03
Turkey Inflation Rate Above Forecasts
The inflation rate in Turkey increased to 14.6 percent in December of 2020 from 14 percent in November, reaching the highest level since August of 2019. Figures came above market forecasts of 14.2 percent as a weaker lira continues to pressure prices. Cost of miscellaneous goods and services (28.12 percent); transportation (21.12 percent) and food and non-alcoholic beverages (20.61 percent) increased the most. On the other hand, prices of clothing and footwear went down 0.32 percent and cost of alcoholic beverages and tobacco edged up 0.65 percent. On a monthly basis, consumer prices went up 1.25 percent.
2021-01-04

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).