Turkey Inflation June 2021

Turkey

Turkey: Inflation hits over two-year high in June

July 8, 2021

Consumer prices increased 1.94% over the previous month in June, picking up from May's 0.89% increase. June's jump marked the sharpest increase in prices since November 2020.

Inflation increased to 17.5% in June from May’s 16.6%. June's figure represented the highest inflation rate since May 2019. Annual average inflation rose to 14.6% in June (May: 14.1%). Lastly, core inflation rose to 17.5% in June, from the previous month's 17.0%.

FocusEconomics Consensus Forecast panelists expect inflation to average 15.2% in 2021, which is up 0.2 percentage points from last month’s forecast, and 11.4% in 2022.


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Turkey Inflation June 2021



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