content tagged with inflation rate

Turkey’s interest rate surpasses inflation for the first time in three years

Turkey’s interest rate surpasses inflation for the first time in three years

The Central Bank kept the policy rate unchanged at 50% while the official inflation rate dropped below this rate for the first time in 14 months.

17 October 2024

Turkey’s inflation exceeds expectations in September

Turkey’s inflation exceeds expectations in September

The rising inflation dampens expectations of a central bank interest rate cut in the near future.

Turkey's inflation rate slows in August, education costs surge

Turkey's inflation rate slows in August, education costs surge

The annual inflation rate was 51.97% according to official statistics while an alternative calculation indicates 90.35%.

3 September 2024

Turkey’s monthly inflation rate spikes in July

Turkey’s monthly inflation rate spikes in July

Finance Minister Mehmet Şimşek acknowledges the monthly increase in inflation but says it’s ‘temporary.’

ENAG January inflation rate doubles TurkStat

ENAG January inflation rate doubles TurkStat

The inflation rate was 129% according to ENAG and 64.86 according to TurkStat.

5 February 2024

Central Bank survey anticipates year-end inflation at 42%

Central Bank survey anticipates year-end inflation at 42%

The policy rate expectation for the current month's end is set at 45%.

19 January 2024

Turkey's official inflation rate rises by over 10 points in August

Turkey's official inflation rate rises by over 10 points in August

The Central Bank had raised its year-end inflation forecast to 58% in July. Inflation has already exceeded this rate, having surged by 20 points in the past two months.

4 September 2023

Turkey's official inflation rate jumps to 47.8% in July

Turkey's official inflation rate jumps to 47.8% in July

According to ENAG's calculations, the inflation rate was over 122.8%. The food inflation rate is over 60 percent.

İstanbul sees highest monthly surge in retail prices since April 2022

İstanbul sees highest monthly surge in retail prices since April 2022

The price increase was nearly 10 percent in July, with the city's annual inflation rate exceeding 63 percent, according to the İstanbul Chamber of Commerce.

Turkey's Central Bank raises year-end inflation forecast from 22% to 58%

Turkey's Central Bank raises year-end inflation forecast from 22% to 58%

The inflation rate for food prices is projected to reach 61 at the end of the year, according to the governor of the bank.

Turkey's statistical authority under fire as inflation at lowest level in 18 months

Turkey's statistical authority under fire as inflation at lowest level in 18 months

While the official inflation rate has dropped to 38.21 percent, the food inflation for the poorest segment of the public was measured at over 84 percent by a labor union confederation.

Turkey's inflation rate over 108 percent, says ENAG

Turkey's inflation rate over 108 percent, says ENAG

While the ENAG has released its calculations, the announcement of the official inflation figures, which will affect the pay rises for civil servants and retirees, has been delayed.

Turkey's official inflation rate drops to 50.51 percent

Turkey's official inflation rate drops to 50.51 percent

According to an inflation monitor run by a group of economists, the inflation rate was twice as high as the official figures.

Türkiye's statistical authority files new case against Inflation Research Group

Türkiye's statistical authority files new case against Inflation Research Group

Founded by a group of economists, the ENAG has been releasing inflation figures since 2020. The group's calculations are much higher than those of TurkStat, whose reliability has been widely questioned by economists and opposition parties.

Türkiye's official inflation rate drops to 55 percent

Türkiye's official inflation rate drops to 55 percent

The inflation rate was 126.915 percent, according to the ENAG, an independent group of economists.

Türkiye's inflation drops to 64 percent in December due to base effect

Türkiye's inflation drops to 64 percent in December due to base effect

The official inflation rate declined from 84 to 64 percent whereas the ENAG's inflation rate dropped from 170 to 137 percent.

İstanbul's inflation rate surpasses 92 percent

İstanbul's inflation rate surpasses 92 percent

The İstanbul Chamber of Commerce has released the inflation statistics for December.

Türkiye's official inflation rate at 84.39 percent in November

Türkiye's official inflation rate at 84.39 percent in November

The inflation rate dropped about 1 percentage point in a month. According to the ENAG, the rate is over 170 percent.

5 December 2022

Drinking coffee at coffee shops 'becomes luxury'

Drinking coffee at coffee shops 'becomes luxury'

Coffee lovers complain about sky-high coffee prices. "I have put myself a limit. Even when I drink coffee out, I will have only one," some say.

10 November 2022 Ece Deniz

Court drops case against Inflation Research Group

Court drops case against Inflation Research Group

The country's statistical authority had filed a lawsuit against the group of independent economists who release their own calculations of the inflation rate monthly.

3 November 2022

Türkiye's official inflation rate exceeds 83 percent

Türkiye's official inflation rate exceeds 83 percent

The inflation rate was over 186 percent according to ENAG, a group of independent economists.

İstanbul's annual inflation rate exceeds 107 percent

İstanbul's annual inflation rate exceeds 107 percent

Hosing expenditures increased by 6.43 percent and food expenditures increased by 3.64 percent in a month in the metropolis of 15.4 million people, finds the İstanbul Chamber of Commerce.

Türkiye's official inflation rate at 80 percent in August

Türkiye's official inflation rate at 80 percent in August

According to an independent group of economists, the annual inflation rate was over 181 percent last month.

5 September 2022

Türkiye's official inflation rate exceeds 79 percent

Türkiye's official inflation rate exceeds 79 percent

An independent group of economists found the annual inflation rate was over 176 percent in July.

İstanbul's inflation rate hits 24-year high

İstanbul's inflation rate hits 24-year high

The annual increase in retail prices was 99.11 percent and in wholesale prices was 87.95 percent n the metropolis.

Central Bank raises year-end inflation forecast

Central Bank raises year-end inflation forecast

Annual inflation is projected to hit 60.4 percent by the end of this year and 19.2 percent by the end of 2023, according to the Central Bank governor. The previous estimates were 42.8 percent for 2022 and 12.9 percent for 2023.

Turkey's official inflation rate surpasses 78 percent

Turkey's official inflation rate surpasses 78 percent

An independent group of economists found the annual inflation rate was over 175 percent in June.

'It hurts only the poor': Turkey's finance minister defends 'high growth-high inflation' policies

'It hurts only the poor': Turkey's finance minister defends 'high growth-high inflation' policies

Admitting that the government could have raised the interest rates to curb the inflation, Minister Nebati has unintentionally contradicted President Erdoğan's theory that higher interest rates bring higher inflation.

Turkey's inflation hits 24- year high

Turkey's inflation hits 24- year high

According to TurkStat, in May 2022, the annual consumer inflation rate was 73 percent in Turkey while the Inflation Research Group (ENAG) has estimated the same rate as 160 percent.

Finance minister says high inflation 'temporary'

Finance minister says high inflation 'temporary'

"The global economy is going through a difficult time. High increases in commodity prices, problems in the supply chain and rising prices in transportation caused inflation to rise sharply all over the world," Nebati has remarked.

Higher inflation for the poor, controversy in politics

WEEKLY ROUNDUP

Higher inflation for the poor, controversy in politics

Inflation rate at two-decade high • Police officer threatened to shoot HDP deputy • İmamoğlu draws ire after photo with formerly pro-Erdoğan journalists • Far-right leader takes on interior minister

7 May 2022 Volga Kuşçuoğlu

Turkey's annual inflation rate over 156 percent, says research group

Turkey's annual inflation rate over 156 percent, says research group

The official inflation rate was less than half of what the ENAG has found.

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