Inflation in Turkey

Turkey - Inflation (end of period)
Inflation sets new record-high July
Consumer prices jumped 2.37% month on month in July, down from the 4.95% increase recorded in June. The uptick came on the back of a surge in transportation, food and non-alcoholic beverages, furnishing and household equipment, and alcoholic beverages and tobacco prices.
Inflation, meanwhile, surged to a fresh series-high of 79.6% in July (June: 78.62%). July's figure was the highest inflation rate since our current records began. Meanwhile, the trend pointed up, with annual average inflation coming in at 49.7% in July from 44.5% in June. Lastly, core inflation jumped to 61.7% in July from 57.3% in June.
FocusEconomics Consensus Forecast panelists expect inflation to average 70.8% in 2022 and 34.4% in 2023.
Turkey - Inflation (eop) Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %, eop) | 8.8 | 8.5 | 11.9 | 20.3 | 11.8 |
Turkey Inflation (eop) Chart

Source: Statistical Institute and FocusEconomics calculations.
Turkey Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 12.00 | -0.09 % | Dec 31 |
Exchange Rate | 5.95 | -0.85 % | Jan 01 |
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Economic News
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Turkey: Industrial output growth deteriorates in June
August 12, 2022
Industrial output increased 8.5% compared to the same month a year earlier in June, which followed May's 9.0% increase.
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Turkey: Inflation sets new record-high July
August 3, 2022
Consumer prices jumped 2.37% month on month in July, down from the 4.95% increase recorded in June.
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Turkey: Consumer sentiment rises in July
July 27, 2022
Consumer sentiment rose to 68.0 in July from 63.4 in June.
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Turkey: Industrial output growth deteriorates in May
July 27, 2022
Industrial output increased 9.1% compared to the same month a year earlier in May, which followed April's 10.8% increase.
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Turkey: Business confidence decreases but remains optimistic in July
July 25, 2022
Business confidence came in at 103.7 in July, down from June's 106.4.