Inflation Rate in Turkey decreased to 35.05 percent in June from 35.41 percent in May 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.

Core consumer prices in Turkey increased 35.64 percent in June 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, 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 July of 2025.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Turkey was 35.06 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 35.41 percent. Compared to a year ago, we see a decrease from the...

The Consumer Price Index in Turkey increased 1.37 percent in June 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.

Inflation, GDP deflator (annual %) in Turkey was reported at 68.23 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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 July of 2025.

Consumer Price Index CPI in Turkey increased to 3132.17 points in June from 3089.74 points in May of 2025. This dataset provides the latest reported value for - Turkey Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The USD/TRY exchange rate rose to 40.4736 on July 24, 2025, up 0.07% from the previous session. Over the past month, the Turkish Lira has weakened 1.90%, and is down by 22.20% over the last 12 months. Turkish Lira - values, historical data, forecasts and news - updated on July of 2025.

In 2023 and through 2024, the world saw inflation rates increase amid, among other things, post-COVID-19 effects and the Russia-Ukraine war. Argentina and Turkey were both plagued by hyperinflation, with over *** and ** percent in 2024, respectively. Except for these, Russia had the highest inflation rate, at nearly ***** percent. On the other hand, China had the lowest rate of the countries included here, at *** percent. Argentinian inflation crisis During the *****, Argentina was struck by extreme levels of inflation, which severely impacted the livelihoods of Argentinians. Specifically, the costs of goods have presented numerous challenges to Argentinian consumers. In Argentina, a basic food basket that costs around ****** Argentinian pesos cost over 100,000 by February 2024. Similarly, a basic consumer goods basket that cost around ****** Argentinian pesos in February 2023 rose to over ******* by February 2024. While these rising costs have been challenging for consumers, Argentina’s inflation rate is expected to decrease beginning in 2024 and is estimated to reach ***% by 2029.

British recession Besides the outliers of Argentina and Turkey, the United Kingdom had a comparatively high CPI rate. As of 2024, the British economy has entered a recession, the only G7 country to do so. Just before the general election held in July 2024, British voters indicated that health, mostly the lack of financial support and staff shortages, as well as the economy was the most important issue to them.

The benchmark interest rate in Turkey was last recorded at 46 percent. This dataset provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

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.

Turkey's main stock market index, the BIST 100, rose to 10623 points on July 24, 2025, gaining 0.29% from the previous session. Over the past month, the index has climbed 12.78%, though it remains 2.29% lower than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Turkey. Turkey Stock Market - values, historical data, forecasts and news - updated on July of 2025.

Reaching nearly 20 Turkish lira per one single euro, the EUR/TRY exchange rate increased well into 2022. As of July 22, 2025, the exchange rate reached approximately 47.25 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.

The monthly net minimum wage in Turkey doubled in 2024 compared to the amount in 2023, reaching ****** Turkish lira. This equaled approximately *** euros according to the exchange rate on April 29, 2024. Labor market dynamics: increasing participation rate The increase in Turkey's monthly net minimum wage aligns with the country's labor force participation rate, which reached a peak of ***** percent in 2022. Furthermore, in 2023, the country experienced a notable decrease in the youth unemployment rate, recording one of the lowest figures in the past twenty years. This surge in labor participation and youth employment indicates a growing pool of economically active individuals, potentially influenced by the substantial rise in the minimum wage. Shifts in sectoral employment Turkey underwent a significant transformation in sectoral employment over the last decade. From 2014 to 2023, both the agricultural and the construction sector experienced a constant decline in employment figures. Meanwhile, the service sector reached a peak level of employment as of 2023. That year, the service sector occupied the highest share of total employment, accounting for nearly ** percent. This reflects the ongoing structural changes in the Turkish economy, where the service sector has emerged as the largest employer.