Inflation in Turkey

Turkey Inflation | Economic News & Forecasts

Turkey - Inflation

Inflation increases to over one-year high in March

Consumer prices increased 1.08% from the previous month in March, picking up from February's 0.91% increase. The print came on the back of marked price increases for health; education; hotels, cafes and restaurants; recreation and culture; and clothing and footwear. This more than offset flatlining transportation prices.

Inflation increased to 16.2%in March, following February’s 15.6%. March's result marked the highest inflation rate since July 2019. Annual average inflation rose to 13.2% in March (February: 12.8%). Lastly, core inflation rose to 16.9% from February’s 16.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 11.2% in 2021, which is up 0.1 percentage points from last month’s forecast, and 9.9% in 2022.

Turkey - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)7.7  7.8  11.1  16.3  15.2  

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Turkey Inflation Chart

Turkey Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistical Institute and FocusEconomics calculations.

Turkey Facts

Value Change Date
Bond Yield12.00-0.09 %Dec 31
Exchange Rate5.95-0.85 %Jan 01

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