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.

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.

Harmonised Inflation Rate YoY in Turkey decreased to 35.40 percent in May from 37.90 percent in April of 2025. This dataset includes a chart with historical data for Turkey Harmonised Inflation Rate YoY.

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, 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.

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]

Harmonised Inflation Rate MoM in Turkey decreased to 1.50 percent in May from 3 percent in April of 2025. This dataset includes a chart with historical data for Turkey Harmonised Inflation Rate MoM.

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.; ;

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.

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.

Graph and download economic data for Interest Rates, Discount Rate for Turkey (INTDSRTRM193N) from Jan 1964 to Apr 2025 about Turkey, interest rate, interest, and rate.

Key information about Turkey Real Effective Exchange Rate

• Turkey Real Effective Exchange Rate (REER: 2005=100: Month Avg: Turkey) was 66.9 in Jan 2025, compared with the number of 64.3 in the previous month.
• Turkey Real Effective Exchange Rate data is updated monthly and averaged 113.3 from Jan 1994 to Jan 2025.
• The data reached an all-time high of 113.3 in Dec 2007 and a record low of 44.6 in Dec 2021.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. The Central Bank of the Republic of Turkey provides Real Effective Exchange Rate with base 2003=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.