Skyline at golden hour in Turkey

Turkey Inflation September 2019

Turkey: Inflation falls to near-three-year low in September partly on base effect, providing room for further interest rate cuts

Turkish consumer prices rose 0.99% month-on-month in September, up from the 0.86% increase registered in August. The print reflected higher prices for housing, water, electricity, gas and other fuels, and transportation, coupled with a moderated decrease in food prices.

Inflation, meanwhile, fell from 15.0% in August to 9.3% in September, marking the lowest level since January 2017 partly on a noticeable base effect—inflation soared to around 25% in September and October last year in the aftermath of the currency crisis. Although inflation should rise again towards the end of the year, this most recent reading opens the door to further monetary policy easing. Core inflation, which excludes volatile price items such as energy and food, dropped from 13.6% in August to 7.5% in September. Annual average inflation moderated to 18.3% from 19.6% in August.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest