The inflation rate in Turkey rose to 14.03 percent in November of 2020 from 11.89 percent in October, beating market forecasts of 12.6 percent. It is the highest reading since August last year amid a falling lira. Food and non-alcoholic beverages inflation accelerated to an 18-month high of 21.08 percent from 16.5 percent. Inflation also rose for housing water, electricity, gas and other fuels (9.12 percent vs 8.37 percent), transportation (18.67 percent vs 13.92 percent), miscellaneous goods and services (29.42 percent vs 27.4 percent), and health (16.25 percent vs 15.6 percent). On a monthly basis, consumer prices increased 2.3 percent, following a 2.1 percent gain in October and above market expectations of a 1 percent rise. source: Turkish Statistical Institute

Inflation Rate in Turkey averaged 34.29 percent from 1965 until 2020, reaching an all time high of 138.71 percent in May of 1980 and a record low of -4.01 percent in June of 1968. This page 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. Turkey Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Inflation Rate in Turkey is expected to be 13.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Turkey to stand at 8.20 in 12 months time. In the long-term, the Turkey Inflation Rate is projected to trend around 7.80 percent in 2021 and 5.70 percent in 2022, according to our econometric models.

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Turkey Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.03 11.89 138.71 -4.01 1965 - 2020 percent Monthly
2003=100


Calendar GMT Actual Previous Consensus TEForecast
2020-09-03 07:00 AM Aug 11.77% 11.76% 11.91% 12.1%
2020-10-05 07:00 AM Sep 11.75% 11.77% 12.13% 12.3%
2020-11-03 07:00 AM Oct 11.89% 11.75% 11.9% 11.5%
2020-12-03 07:00 AM Nov 14.03% 11.89% 12.6% 12.4%
2021-01-04 07:00 AM Dec 14.03%
2021-02-03 07:00 AM Jan
2021-03-03 07:00 AM Feb
2021-04-02 07:00 AM Mar


News Stream
Turkish Inflation Rate at 15-Month High of 14.03%
The inflation rate in Turkey rose to 14.03 percent in November of 2020 from 11.89 percent in October, beating market forecasts of 12.6 percent. It is the highest reading since August last year amid a falling lira. Food and non-alcoholic beverages inflation accelerated to an 18-month high of 21.08 percent from 16.5 percent. Inflation also rose for housing water, electricity, gas and other fuels (9.12 percent vs 8.37 percent), transportation (18.67 percent vs 13.92 percent), miscellaneous goods and services (29.42 percent vs 27.4 percent), and health (16.25 percent vs 15.6 percent). On a monthly basis, consumer prices increased 2.3 percent, following a 2.1 percent gain in October and above market expectations of a 1 percent rise.
2020-12-03
Turkey Inflation Rate Edges Up to 11.9%
The inflation rate in Turkey edged up to 11.89 percent in October of 2020 from 11.75 percent in September, in line with market forecasts. Prices of miscellaneous goods and services recorded the highest increase (27.4 percent), followed by food (16.5 percent) and health (15.6 percent). In contrast, smaller increases were seen in alcoholic beverages and tobacco (0.7 percent), clothing and footwear (2.2 percent) and communication (5.5 percent). On a monthly basis, consumer prices increased 2.1 percent, above 1 percent in September and matching expectations.
2020-11-03
Turkish Inflation Rate Little-Changed in September
Turkey's consumer price inflation rate stood at 11.75 percent year-on-year in September 2020, little-changed from the previous two months and compared to market expectations 12.13 percent, as the lira hit multiple record lows. Main upward pressure came from food and non-alcoholic beverages (14.95 percent vs 13.51 percent), transportation (12.95 percent vs 12.69 percent), housing and utilities (10.0 percent vs 11.34 percent), hotels, cafes and restaurants (10.92 percent vs 11.80 percent), furnishing and household equipment (11.34 percent vs 8.90 percent), clothing and footwear (6.91 percent vs 9.22 percent), alcoholic beverages and tobacco (0.68 percent vs 2.44 percent) and miscellaneous goods and services (25.17 percent vs 26.99 percent).
2020-10-05
Turkish Inflation Rate Remains Elevated in August
Turkey's consumer price inflation rate stood at 11.77 percent year-on-year in August 2020, little-changed from the previous month's 11.76 percent and compared to market expectations 11.91 percent, as the lira hit an all-time low. Main upward pressure came from food and non-alcoholic beverages (13.51 percent), transportation (12.69 percent), housing and utilities (11.34 percent), hotels, cafes and restaurants (11.80 percent), furnishing and household equipment (8.90 percent), clothing and footwear (9.22 percent), alcoholic beverages and tobacco (2.44 percent) and miscellaneous goods and services (26.99 percent). The annual core inflation rate, which excludes volatile items such as energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, rose to 11.03 percent in August from 10.25 percent in July.
2020-09-03

Turkey Inflation Rate
In Turkey, the most important categories in the consumer price index are food and non-alcoholic beverages (23.7 percent of total weight); housing, water, electricity, gas and other fuels (15.9 percent of total weight) and transportation (14.3 percent). Others include: furnishings, household equipment and routine maintenance (8 percent); hotels, cafes and restaurants (7.5 percent); clothing and footwear (7.4 percent); alcoholic beverages and tobacco (5 percent). The index also includes miscellaneous goods and services (4.7 percent); communication (4.4 percent); recreation and culture (3.8 percent); health (2.7 percent) and education (2.6 percent).