Inflation Rate in Turkey decreased to 35.41 percent in May from 37.86 percent in April 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.

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.

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 35.37 percent in May 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.

The Consumer Price Index in Turkey increased 1.53 percent in May 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.

Harmonised Inflation Rate YoY in Turkey decreased to 37.90 percent in April from 38.10 percent in March of 2025. This dataset includes a chart with historical data for Turkey Harmonised Inflation Rate YoY.

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.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Turkey was 35.41 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 37.89 percent. Compared to a year ago, we see a decrease from the...

Turkey inflation rate for 2023 was 53.86%, a 18.45% decline from 2022.

<ul style='margin-top:20px;'>

<li>Turkey inflation rate for 2022 was <strong>72.31%</strong>, a <strong>52.71% increase</strong> from 2021.</li>
<li>Turkey inflation rate for 2021 was <strong>19.60%</strong>, a <strong>7.32% increase</strong> from 2020.</li>
<li>Turkey inflation rate for 2020 was <strong>12.28%</strong>, a <strong>2.9% decline</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Inflation, consumer prices (annual %) in Turkey was reported at 58.51 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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 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 2664.1 and 2144.3, respectively.

Turkey TR: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series 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: Linked Series data is updated yearly, averaging 17.883 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 104.749 % in 1994 and a record low of 5.402 % in 2009. Turkey TR: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Inflation rate (GDP deflator) of Turkey plummeted by 28.95% from 96.0 % in 2022 to 68.2 % in 2023. Since the 95.90% surge in 2021, inflation rate (GDP deflator) rocketed by 135.51% in 2023. 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.

In Turkey, especially the consumer prices in education, housing and hotels, cafés, and restaurants have risen significantly, reaching about 92.5, 74.5, and 59.4 percent in November 2024, respectively. Overall, the consumer price inflation rate totaled 47.1 percent in Turkey that month.

Turkey IG: Inflation Rate: Next 12 Mth: Number of Answers data was reported at 312.000 % Point in Apr 2020. This records a decrease from the previous number of 323.000 % Point for Mar 2020. Turkey IG: Inflation Rate: Next 12 Mth: Number of Answers data is updated monthly, averaging 323.000 % Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 362.000 % Point in Oct 2017 and a record low of 135.000 % Point in Jan 2007. Turkey IG: Inflation Rate: Next 12 Mth: Number of Answers data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S017: Business Tendency Survey: Investment Consumer Goods: Weighted: NACE Rev2.

Harmonised Inflation Rate MoM in Turkey increased to 3 percent in April from 2.40 percent in March of 2025. This dataset includes a chart with historical data for Turkey Harmonised Inflation Rate MoM.

Inflation, monthly percent change in the CPI in Turkey, April, 2025 The most recent value is 2.99 percent as of April 2025, an increase compared to the previous value of 2.45 percent. Historically, the average for Turkey from February 1996 to April 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

As of October 2024, the inflation rate for the service producer price index (SPPI) stood at around 55.3 percent. The inflation rate of the service producer price index (SPPI) oscillated between January 2018 and October 2024 in Turkey. The annual rate of change for SPPI totaled 107 percent in September 2022, the highest inflation rate recorded during the provided time period.

Turkey DG: Inflation Rate: Next 12 Mth: Number of Answers data was reported at 30.000 Point in Apr 2020. This records a decrease from the previous number of 33.000 Point for Mar 2020. Turkey DG: Inflation Rate: Next 12 Mth: Number of Answers data is updated monthly, averaging 75.500 Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 89.000 Point in Nov 2013 and a record low of 25.000 Point in Jan 2007. Turkey DG: Inflation Rate: Next 12 Mth: Number of Answers data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S014: Business Tendency Survey: Durable Consumer Goods: Weighted: NACE Rev2.