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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.
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.
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The USD/TRY exchange rate rose to 40.2168 on July 14, 2025, up 0.15% from the previous session. Over the past month, the Turkish Lira has weakened 2.30%, and is down by 21.82% over the last 12 months. Turkish Lira - values, historical data, forecasts and news - updated on July of 2025.
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Graph and download economic data for Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Turkey (CCUSMA02TRM618N) from Jan 1957 to May 2025 about Turkey, exchange rate, currency, and rate.
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Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Turkish Lira data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Turkish Lira data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 78.834 % in 12 Jul 2021 and a record low of 0.000 % in 12 May 2025. Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Turkish Lira data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Headline.
Reaching nearly 20 Turkish lira per one single euri, the EUR/TRY exchange rate increased well into 2022. As of May 2, 2025, the exchange rate reached approximately 43.60 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.
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Key information about Turkey Real Effective Exchange Rate
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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.
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This bar chart displays inflation (annual %) by currency using the aggregation median in Turkey. The data is filtered where the date is 2021. The data is about countries per year.
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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.
At the end of 2023, Zimbabwe had the highest inflation rate in the world, at 667.36 percent change compared to the previous year. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central banking system, which in turn results in the manipulation of currency to achieve short term economic goals. Thus, interest rates increase while the general economic situation remains constant. In more developed economies and in the prime emerging markets, the inflation rate does not fluctuate as sporadically. Additionally, the majority of countries that maintained the lowest inflation rate compared to previous years are primarily oil producers or small island independent states. These countries experienced deflation, which occurs when the inflation rate falls below zero; this may happen for a variety of factors, such as a shift in supply or demand of goods and services, or an outflow of capital.
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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 December 30, 2024, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ***** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United States had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.
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.
In 2024, the average apartment rent in Turkey ranged between 51 and 352 Turkish lira per square meter. The province with the highest rents was Istanbul, where renting an apartment cost on average 352 Turkish lira per square meter. In Turkey, more than 40 percent of households lived in a rented home. In recent years, rent prices have soared, which can be explained by the growth of the market, but also with the extremely high inflation in the country.
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The Gross Domestic Product per capita in Turkey was last recorded at 15147.84 US dollars in 2024. The GDP per Capita in Turkey is equivalent to 120 percent of the world's average. This dataset provides the latest reported value for - Turkey GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.
Die Inflationsrate der Türkei sinkt im Vergleich zum Vormonat und pendelt sich im Mai 2025 bei offiziell rund ***** Prozent gegenüber dem Vorjahresmonat ein. Die Statistik zeigt die Inflationsrate der Türkei von Mai 2023 bis Mai 2025. Die Türkei ist offizieller Beitrittskandidat der Europäischen Union (EU). Wäre die Türkei bereits Mitglied der EU, würde sie die höchste Inflationsrate aller EU-Mitgliedstaaten aufweisen. Wahlen in der Türkei: Erdogan verspricht signifikante Senkung der Inflation Am 14 Mai 2023 haben in der Türkei parallel die Parlamentswahlen und die Präsidentschaftswahlen stattgefunden. Die hohen Teuerungsraten waren bis zum verheerenden Erdbeben in der Türkei und Syrien Anfang Februar 2023 das bestimmende Thema der Bevölkerung in den letzten Monaten gewesen und haben den Wahlkampf geprägt. Präsident Erdogan und die AKP haben die Verantwortung für die hohe Inflationsrate in der Türkei stets von sich gewiesen, aber gleichzeitig versprochen, dass die Inflationsrate noch in diesem Jahr deutlich sinken und im Jahresdurchschnitt unter ** Prozent liegen wird. Vor den Wahlen ist die Inflationsrate in der Türkei tatsächlich gesunken, allerdings können sich unabhängige Experten nicht direkt erklären, warum und bezweifeln die offiziellen Zahlen. Das Ergebnis der Präsidentschaftswahlen in der Türkei 2023 war lange offen, doch letztendlich hat sich Recep Tayyip Erdogan durchgesetzt und wurde somit für weitere 5 Jahre wiedergewählt. Jetzt, wo die Inflationsrate in der Türkei auch offiziell wieder anzieht (und inoffiziell bei über 100 Prozent liegen soll) und die Wahlen gewonnen wurden, hat die türkische Zentralbankchefin eher eine Teuerungsrate von rund ** Prozent im Jahresmittel prognostiziert. Eine signifikante Senkung der Inflation in der Türkei wird nun für Ende 2025 angestrebt. Bereits in den letzten Jahren gehörte die Türkei zu den ** Ländern mit der höchsten Inflationsrate weltweit und wird vermutlich auch im Jahr 2025 in dieser Rangliste vertreten sein. Mehr Informationen zum Themenbereich Inflation und Konsum? Die Inflationsrate bildet Veränderungen der Kosten für einen festgelegten Warenkorb ab, der eine repräsentative Auswahl an Waren und Dienstleistungen enthält. Sie wird aus dem Verbraucherpreisindex (VPI) abgeleitet. Umfangreiche Informationen zu den einzelnen Waren- und Dienstleistungsgruppen des Inflation-Warenkorbs, der Konsumlaune der EU-Bürger:innen und den anteiligen Konsumausgaben, sind auf der Themenseite und dem Report zu Kaufkraft und Konsum in Europa abrufbar.
Im Jahr 2024 hat die durchschnittliche Inflationsrate in der Türkei rund 58,5 Prozent betragen. Für das Jahr 2025 wird die durchschnittliche Inflationsrate in der Türkei auf rund 35,9 Prozent prognostiziert. Die Statistik zeigt die durchschnittliche Inflationsrate in der Türkei im Zeitraum 1980 bis 2024 und Prognosen bis zum Jahr 2030. Die durchschnittliche Inflationsrate in der Türkei wird laut Prognosen zwischen 2025 und 2030 kontinuierlich um insgesamt 20,9 Prozentpunkte sinken. Die Inflationsrate bildet Veränderungen der Kosten für einen festgelegten Warenkorb ab, der eine repräsentative Auswahl an Waren und Dienstleistungen enthält. Sie wird aus dem Verbraucherpreisindex (VPI) abgeleitet.Hier können Sie weitere Einblicke bezüglich der durchschnittlichen Inflationsrate in Kroatien, Mazedonien und Serbien finden.
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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.