inflation rate

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Turkey's official inflation rate rises to 70 percent

Turkey's official inflation rate rises to 70 percent

The highest annual increase was in transportation and food, according to TurkStat.

Food sales declined in February amid high food inflation

TURKSTAT

Food sales declined in February amid high food inflation

The annual food inflation rate was 70 percent in March and over 64 percent in February, according to official statistics.

Cheap labor and food inflation at the same time

Cheap labor and food inflation at the same time

Governments that view cheap labor as an instrument of growth already tend to implement anti-democratic practices; we should take into account that repression may increase even more in periods like this.

14 April 2022 Bülent Danışoğlu

Turkey's finance minister claims 'inflation rate getting back on track' amid record highs

Turkey's finance minister claims 'inflation rate getting back on track' amid record highs

Turkey posted a two-decade high inflation rate of 61.14 percent in March.

‘Turkey’s real inflation rate is 143 percent’

CHP CHAIR KILIÇDAROĞLU

‘Turkey’s real inflation rate is 143 percent’

CHP leader Kılıçdaroğlu has said, “According to Inflation Research Group, annual inflation is 143 percent. Yes, true. The price of potatoes has soared by 207 percent, cucumbers by 193 percent, aubergines by 185 percent, margarin by 160 percent…”

Research group says Turkey’s consumer inflation was over 142 percent in March

Research group says Turkey’s consumer inflation was over 142 percent in March

The Inflation Research Group (ENAG) has calculated Turkey’s annual consumer inflation rate as 142.63 percent while the official figure stands at 61.14 percent.

Turkey’s consumer inflation rate tops 61 percent, even according to TurkStat

MARCH 2022

Turkey’s consumer inflation rate tops 61 percent, even according to TurkStat

The Turkish Statistical Institute has announced that the Consumer Price Index increased by 5.46 percent monthly and 61.14 percent annually in March.

Annual inflation rate in İstanbul hits two-decade high of 63 percent

Annual inflation rate in İstanbul hits two-decade high of 63 percent

Both retail and wholesale inflation rates were over 60 percent in the metropolis in the last month, the İstanbul Chamber of Commerce has found.

Turkey's finance minister expects inflation to decrease in summer

Turkey's finance minister expects inflation to decrease in summer

The minister's previous predictions about the inflation rate did not come true.

Turkey’s annual consumer inflation rate tops 123 percent, finds research group

Turkey’s annual consumer inflation rate tops 123 percent, finds research group

Shortly before TurkStat shared the official inflation rates for February 2022, the Inflation Research Group (ENAG) announced that the annual consumer inflation rate was 123.8 percent and monthly inflation rate was 5.44 percent last month.

TurkStat: Annual consumer inflation rate was 54.44 percent in February

TurkStat: Annual consumer inflation rate was 54.44 percent in February

In February 2022, transportation with 75.75 percent, furnishings and household equipment with 64.83 percent and food and non-alcoholic beverages with 64.47 percent were the main groups that saw high annual increases in prices in Turkey.

Turkey's official inflation stands at 48 percent, research group says 114 percent

HIGHEST RATE SINCE 2001 CRISIS

Turkey's official inflation stands at 48 percent, research group says 114 percent

According to the TurkStat, in January 2022, the annual consumer inflation rate was 48.69 percent in Turkey while the Inflation Research Group (ENAG) has estimated the same rate as 114.87 percent.

3 February 2022

Different inflation forecasts by Turkey’s Central Bank Governor, Finance Minister

Different inflation forecasts by Turkey’s Central Bank Governor, Finance Minister

While Central Bank Governor Kavcıoğlu, in a press briefing on January 27, announced the 2022 year-end inflation forecast as 23.2 percent, Minister of Treasury and Finance Nebati said a day before: “Inflation will be around 40 percent for some time.”

28 January 2022

Turkey’s Central Bank revises up year-end inflation forecast to 23.2 percent

Turkey’s Central Bank revises up year-end inflation forecast to 23.2 percent

According to the Turkish Statistical Institute (TurkStat), Turkey’s annual inflation rate was 36.08 percent in December 2021. The Inflation Research Group (ENAG), on the other hand, estimated the same rate as 82.81 percent.

27 January 2022

Turkey’s annual inflation rate is over 82 percent, finds research group

Turkey’s annual inflation rate is over 82 percent, finds research group

Shortly before TurkStat shared the official inflation rates for December 2021, the Inflation Research Group (ENAG) announced that the annual consumer inflation rate was 82.81 percent and monthly inflation rate was 19.35 percent last month.

Unions confederation files complaint against TurkStat over inflation rate calculations

Unions confederation files complaint against TurkStat over inflation rate calculations

As wage hikes are determined according to the official inflation rate, the TurkStat has aggrieved workers amid high living costs, the KESK argued.

30 December 2021

Central Bank targets 5 percent inflation rate in 2022

Central Bank targets 5 percent inflation rate in 2022

The bank did not announce a prediction for foreign exchange rates in the 2022 monetary policy document.

30 December 2021

CHP leader not allowed to enter TurkStat building after inflation announcement

CHP leader not allowed to enter TurkStat building after inflation announcement

Questioning the accuracy of the TurkStat figures, Kılıçdaroğlu wanted to visit officials of the statistical authority. He was not allowed to enter the building.

3 December 2021

Turkey’s annual inflation rate is almost 60 percent, finds research group

Turkey’s annual inflation rate is almost 60 percent, finds research group

Shortly before the state agency TurkStat announced the official consumer inflation rate in Turkey in November 2021 as 21.31 percent, the Inflation Research Group (ENAG) had announced its own figure: 58.65 percent.

3 December 2021

Turkey's official inflation rate climbs to highest in three years

Turkey's official inflation rate climbs to highest in three years

The annual inflation rate stood at 21.32 percent and the monthly inflation rate was 3.51 percent, according to the TurkStat.

3 December 2021

Turkey’s annual consumer inflation rate nears 20 percent

TURKSTAT DATA

Turkey’s annual consumer inflation rate nears 20 percent

The state agency Turkish Statistical Institute has announced the consumer price index for October 2021: While monthly inflation stands at 2.39 percent, annual inflation has been measured as 19.89 percent.

3 November 2021

Turkey’s annual inflation rate hit 19.58 percent in September, says TurkStat

Turkey’s annual inflation rate hit 19.58 percent in September, says TurkStat

The Turkish Statistical Institute has announced the Consumer Price Index for September 2021: It increased by 19.58 percent annually and by 1.25 percent monthly.

Turkey posts highest annual inflation rate in two years

Turkey posts highest annual inflation rate in two years

The inflation rate stood at 19.25 in August, surpassing the Central Bank's policy rate, according to TurkStat.

3 September 2021

‘Turkey saw the highest July inflation of the last 18 years’

CHP VICE CHAIR AĞBABA

‘Turkey saw the highest July inflation of the last 18 years’

Main opposition CHP Vice Chair Veli Ağbaba has underlined that Turkey’s consumer inflation is higher than 172 countries of the world.

Turkey's annual inflation rate at 18.95 percent in July

Turkey's annual inflation rate at 18.95 percent in July

The annual increase in the prices of food and non-alcoholic beverages was 24.92 percent, according to TurkStat.

TurkStat explains why it filed a complaint against Inflation Research Group

TurkStat explains why it filed a complaint against Inflation Research Group

The statistical authority has stated that it doesn't intend to hinder the ENAG's activities.

Turkey has the world’s 14th highest inflation rate

IMF REPORT

Turkey has the world’s 14th highest inflation rate

According to the April 2021 report of the International Monetary Fund, Turkey’s inflation rate is 6.5 times higher than the European average, which is 2.1 percent.

Monthly inflation: TurkStat says 1.08, ENAGrup says 3.36 percent

Monthly inflation: TurkStat says 1.08, ENAGrup says 3.36 percent

The Inflation Research Group (ENAGrup) has announced that it estimates an accelerating increase in the general level of prices in the upcoming period.

Turkey’s inflation rate tops 16 percent after 20 months

Turkey’s inflation rate tops 16 percent after 20 months

The Turkish Statistical Institute (TurkStat) has measured the annual consumer inflation rate as 16.19 percent and monthly inflation rate as 1.08 percent.

Turkey’s annual inflation rate tops 15 percent

Turkey’s annual inflation rate tops 15 percent

According to the Turkish Statistical Institute (TurkStat), the country’s consumer price index increased by 15.61 percent annually and by 0.91 percent monthly.

Highest price increases recorded in travel, furniture, vegetable oil during pandemic

INFLATION RESEARCH GROUP

Highest price increases recorded in travel, furniture, vegetable oil during pandemic

"Since February 2020, the Covid-19 outbreak has radically changed consumer and investor behavior," says the group's report.

15 February 2021

Turkey’s consumer inflation rate according to TurkStat: 14.97 percent

Turkey’s consumer inflation rate according to TurkStat: 14.97 percent

The Turkish Statistical Institute (TurkStat) has released the Consumer Price Index (CPI) statistics for January 2021. The figures of the TurkStat have shown that the CPI increased by 14.97 percent annually and 1.68 percent monthly in January.

3 February 2021

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