Inflation Rate in Turkey decreased to 33.52 percent in July from 35.05 percent in June 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.

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.

The Consumer Price Index in Turkey increased 2.06 percent in July 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.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Turkey was 33.53 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 35.06 percent. Compared to a year ago, we see a decrease from the...

Core consumer prices in Turkey increased 34.70 percent in July 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.

Inflation, monthly percent change in the CPI in Turkey, July, 2025 The most recent value is 2.06 percent as of July 2025, an increase compared to the previous value of 1.37 percent. Historically, the average for Turkey from February 1996 to July 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

Harmonised Inflation Rate YoY in Turkey decreased to 33.50 percent in July from 35.10 percent in June of 2025. This dataset includes a chart with historical data for Turkey Harmonised Inflation Rate YoY.

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.

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 September 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.

Turkey Core Inflation Index: YoY data was reported at 12.872 % in Dec 2026. This records a decrease from the previous number of 15.625 % for Sep 2026. Turkey Core Inflation Index: YoY data is updated quarterly, averaging 20.015 % from Mar 1961 (Median) to Dec 2026, with 264 observations. The data reached an all-time high of 136.887 % in Mar 1995 and a record low of -0.143 % in Mar 1961. Turkey Core Inflation Index: YoY data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Turkey – Table TR.OECD.EO: Consumer and Wholesale Price Index: Forecast: OECD Member: Quarterly. None

Cost of food in Turkey increased 27.95 percent in July 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 inflation rates of various energy commodities in Turkey skyrocketed in 2022 and again in 2024. The annual rate of change of the energy price inflation peaked in June 2022 at 172.9 percent after climbing continuously from late 2020. Gas and electricity price inflation have also seen significant increases in the period of consideration. Gas inflation skyrocketed with an annual rate of change of over 500 percent at the end of 2024.

Key information about Turkey Core CPI Change

• Turkey Core CPI Change was reported at 39.469 % in Feb 2025.
• This records a decrease from the previous number of 42.078 % for Jan 2025.
• Turkey Core CPI Change data is updated monthly, averaging 9.129 % from Jan 2004 to Feb 2025, with 254 observations.
• The data reached an all-time high of 77.014 % in Oct 2022 and a record low of 2.308 % in Jun 2009.
• Turkey Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. Turkish Statistical Institute provides Core Consumer Price Index with base 2003=100. Core Consumer Price Index excludes Unprocessed Food, Alcoholic Beverages, Tobacco, Energy and Gold.

Inflation rate of Turkey declined by 0.75% from 35.6 % in 2025M5 to 35.3 % in 2025M6. Since the 1.06% growth in 2025M4, inflation rate slumped by 7.60% in 2025M6.

Inflation, GDP deflator: linked series (annual %) in Turkey was reported at 58.48 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Reaching nearly 20 Turkish lira per one single euro, the EUR/TRY exchange rate increased well into 2022. As of August 6, 2025, the exchange rate reached approximately 47.08 Turkish lira. The concrete, or point in time, measure shows the exchange rate as of the last day of each month, which is different from the standardized measure; calculation of average based on observations throughout the period in question.

Key information about Turkey Consumer Price Index CPI growth

• Turkey Consumer Price Index (CPI) growth was measured at 39.0 % YoY in Feb 2025, compared with a rate of 42.1 % in the previous month.
• Turkey Consumer Price Index growth data is updated monthly, available from Jan 1956 to Feb 2025, with an averaged number of 19.3 % 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]

As 2022 progressed, less Turkish lira could be bought with U.S. dollars than in previous years, decreasing by nearly five liras. By August 6, 2025, one U.S. dollar was worth approximately 40.67. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of the end of the year.

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.