Inflation Rate in Turkey decreased to 32.87 percent in October from 33.29 percent in September of 2025. This dataset 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.

View monthly updates and historical trends for Turkey Inflation Rate. Source: Eurostat. Track economic data with YCharts analytics.

The statistic shows the average inflation rate in Turkey from 1987 to 2024, with projections up until 2030. In 2024, the average inflation rate in Turkey was at around 58.51 percent compared to the previous year. Turkey’s economy With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the largest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide. Import of goods figures and export figures are rising as well, however, the trade balance of Turkey has been in the negative range for several years now with a downwards trend which indicates a serious trade deficit – or in other words: an imbalance between export and import costs; the value of goods Turkey imports is a lot higher than the value of exported goods. Main export partners of Turkey for textiles, automotive goods, iron and steel, among other goods, are mostly European countries, with Germany leading the ranking, followed by Iraq, Great Britain, Italy and France. The most important economic sector for Turkey is the services sector, especially the tourism sector, which has experienced a significant boost over the last decade. Thus, Turkey is now among the most popular destinations for visitors of all nations. A look at gross domestic product /GDP growth in Turkey shows that the country suffered a brief setback during the economic crisis of 2008, but swiftly recovered and was back in the black by 2010. Turkey’s employment figures hardly suffered at all, they too recovered quickly and are now back to pre-crisis levels.

Core consumer prices in Turkey increased 32.05 percent in October of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Turkey Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In November 2024, the inflation rate in Turkey corresponded to **** percent. The monthly inflation rate in Turkey reached ***** percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at ***** percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by **** percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.

Monthly and long-term Turkey Inflation data: historical series and analyst forecasts curated by FocusEconomics.

The Consumer Price Index in Turkey increased 2.55 percent in October of 2025 over the previous month. This dataset provides the latest reported value for - Turkey Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In recent years, the inflation rate in Turkey increased dramatically for consumer prices, with especially food prices recording very high rates. Over the observed period, the highest rate of inflation for food in Turkey was recorded in November 2022, with an increase of 102.6 percent. As of November 2024, food prices in the country increased by 48.6 percent compared to the same month in the previous year.

Cost of food in Turkey increased 34.87 percent in October of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Turkey Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The annual average of consumer price index (CPI) in Turkey went up each year for each commodity between 2015 and 2023. There was a significant increase in the consumer prices, especially from 2021 to 2022. By 2023, hotels, cafés & restaurants and alcoholic beverages and tobacco were the commodity groups reaching the highest index, amounting to ****** and ******, respectively.

Harmonised Inflation Rate YoY in Turkey decreased to 32.90 percent in October from 33.30 percent in September of 2025. This dataset includes a chart with historical data for Turkey Harmonised Inflation Rate YoY.

Turkey: Inflation forecast: The latest value from 2030 is 15 percent, unchanged from 15 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Turkey from 1986 to 2030 is 36.36 percent. The minimum value, 6.16 percent, was reached in 2012 while the maximum of 115.7 percent was recorded in 1994.

The figures for the consumer price index (CPI) in Turkey generally showed a rising trend during the period under review. It went from approximately ** points in January 2003 to over ***** points in November 2024. This indicated an about **** percent price increase compared to the corresponding month of the preceding year.

Inflation, monthly percent change in the CPI in Turkey, October, 2025 The most recent value is 2.57 percent as of October 2025, a decline compared to the previous value of 3.26 percent. Historically, the average for Turkey from February 1996 to October 2025 is 2 percent. The minimum of -1.44 percent was recorded in June 2011, while the maximum of 13.57 percent was reached in December 2021. | TheGlobalEconomy.com

Turkey TR: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 10.809 % in 2017. This records an increase from the previous number of 8.098 % for 2016. Turkey TR: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 21.930 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 143.693 % in 1998 and a record low of 2.352 % in 1964. Turkey TR: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkey – Table TR.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Historical dataset showing Turkey inflation rate by year from 1960 to 2024.

As of April 2025, the inflation rate in the European Union was 2.4 percent, with prices rising fastest in Romania, which had an inflation rate of 4.9 percent. By contrast, both France and Cyprus saw low inflation rates during the same period, with France having the lowest inflation rate in the EU during this month. The rate of inflation in the EU in the October 2022 was higher than at any other time, with the peak prior to 2021 recorded in July 2008 when prices were growing by 4.4 percent year-on-year. Before the recent rises in inflation, price rises in the EU had been kept at relatively low levels, with the inflation rate remaining below three percent between January 2012 and August 2021. Rapid recovery and energy costs driving inflation The reopening of the European economy in 2021 following the sudden shock of COVID-19 in 2020 is behind many of the factors that have caused prices to rise so quickly in 2022. Global supply chains have not yet recovered from production issues, travel restrictions, and workforce problems brought about by the pandemic. Rising energy costs have only served to exacerbate supply problems, particularly with regard to the transport sector, which had the highest inflation rate of any sector in the EU in December 2021. High inflation rates mirrored in the U.S. The high inflation rates seen in Europe have been reflected in other parts of the world. In the United States, for example, the consumer price index reached a 40-year-high of seven percent in December 2021, influenced by many of the same factors driving European inflation. Nevertheless, it is hoped that once these supply chain issues ease, inflation levels will start to fall throughout the course of 2022.

Inflation is characterized by a steady rise in the aggregate level of prices in an economy - put into simpler words, it is the rise in all prices in the economy, rather than just in specific prices for goods or services (such as when there is a shortage in a particular good). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In August 2025, the inflation rate in Türkiye (previously known as Turkey) was 33 percent compared to the same month of the previous year, making it one of the countries in the world with the highest inflation rate.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Turkey Consumer Price Index CPI growth

• Turkey Consumer Price Index (CPI) growth was measured at 32.9 % YoY in Oct 2025, compared with a rate of 33.3 % in the previous month.
• Turkey Consumer Price Index growth data is updated monthly, available from Jan 1956 to Oct 2025, with an averaged number of 61.3 % YoY.
• The data reached an all-time high of 125.9 % YoY in Jan 1995 and a record low of -3.0 % YoY in Nov 1960.

CEIC extends history for monthly Consumer Price Index Growth. Turkish Statistical Institute provides Consumer Price Index Growth with base 2003=100. Consumer Price Index Growth prior to January 2004 is sourced from the International Monetary Fund. [COVID-19-IMPACT]