inflation rate

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‘Turkey’s consumer inflation rate was 36.72 percent in 2020’

INFLATION RESEARCH GROUP

‘Turkey’s consumer inflation rate was 36.72 percent in 2020’

Shortly after TurkStat, the state agency producing official statistics on the country, announced the annual consumer inflation rate in Turkey as 14.6 percent, the Inflation Research Group (ENAG), founded by a group of academics, has shared its own estimate.

Annual inflation rate according to TurkStat: 14.6 percent

Annual inflation rate according to TurkStat: 14.6 percent

According to the “Consumer Price Index” announced by the Turkish Statistical Institute (TurkStat), in December 2020, the only annual decrease was recorded in the prices of clothing and footwear with 0.32 percent.

‘We are determined to reduce inflation,’ says Turkey’s Central Bank Governor

‘We are determined to reduce inflation,’ says Turkey’s Central Bank Governor

Central Bank Governor Ağbal says, “In 2021, all factors affecting inflation will be taken into account, and the tightness of monetary policy will be decisively sustained until there are strong indicators that point to price stability and a permanent fall in inflation.”

16 December 2020

Turkey's inflation rate rises to 14.03 percent in November

Turkey's inflation rate rises to 14.03 percent in November

Annual inflation rate rose 2.14 percentage points in November, up from 11.89 percent in October.

3 December 2020

Annual inflation was 11.75 percent in Turkey in September, says TurkStat

Annual inflation was 11.75 percent in Turkey in September, says TurkStat

According to the “Consumer Price Index” figures shared by the Turkish Statistical Institute (TurkStat) for September 2020, the consumer price index increased by 0.97 percent in a month and by 11.75 percent in a year.

Annual inflation is 11.77 percent, TurkStat says

Annual inflation is 11.77 percent, TurkStat says

According to the figures shared by the TurkStat for August 2020, the consumer price index has increased by 0.86 percent when compared to the previous month and by 11.77 percent when compared to the same month last year.

3 September 2020

Annual inflation rate increases by 11.76 percent

Annual inflation rate increases by 11.76 percent

The average prices of 253 out of 428 items in the inflation basket have increased, according to the TurkStat.

Inflation Rate Exceeds Expectations in May, Climbs to 11.39 Percent

Inflation Rate Exceeds Expectations in May, Climbs to 11.39 Percent

The monthly inflation rate was 1.36 percent as the prices of 282 out of 482 items in the inflation basket increased in May.

Annual Inflation Rate Increases by 10,94 Percent

Annual Inflation Rate Increases by 10,94 Percent

The inflation rate has risen by 0.85 percent compared to the same month last year.

Central Bank Cuts Year-End Inflation Forecast

Central Bank Cuts Year-End Inflation Forecast

The 0.8 percentage point fall was driven by the downward revision in the projections of the output gap and food inflation, the Central Bank governor has said.

TurkStat: Annual Inflation is 12.15 Percent

TurkStat: Annual Inflation is 12.15 Percent

According to the figures shared by the TurkStat for January 2020, consumer inflation has increased by 1.35 percent on a monthly basis and by 12.15 percent on an annual basis. The highest price increase was in eggplant with 81.46 percent.

3 February 2020

Inflation Figures for August Disputed, Economist Says 'Quite Bizarre'

Inflation Figures for August Disputed, Economist Says 'Quite Bizarre'

Economists and political parties have said the TurkStat figures for annual inflation rates do not reflect the truth.

3 September 2019

Inflation Figures Show Tobacco and Alcohol Prices Increased Most

Inflation Figures Show Tobacco and Alcohol Prices Increased Most

Consumer prices in Turkey went up by 15.01 percent in August compared to the same month last year, the TurkStat has announced.

3 September 2019

Central Bank Cuts Year-End Inflation Forecast to 13.9 Percent

Central Bank Cuts Year-End Inflation Forecast to 13.9 Percent

The Central Bank has cut its year-end inflation forecast from 14.6 percent to 13.9 percent, Governor Uysal has announced.

Inflation in May: 18.71 Percent

Inflation in May: 18.71 Percent

According to the inflation figures announced by the Turkish Statistical Institute (TurkStat), inflation rate has increased by 0.95 percent in May when compared to the previous month. The annual inflation has been measured as 18.71 percent.

Inflation Rate in April is 19.50 Percent

Inflation Rate in April is 19.50 Percent

The Turkish Statistical Institute (TurkStat) has announced the inflation rates. While the inflation rate in April increased by 1.69 percent compared to the previous month, the yearly inflation rate became 19.50 percent.

Inflation Rate for February 19.67 Percent, Price of Lettuce Increases a Record 35.19 Percent

Inflation Rate for February 19.67 Percent, Price of Lettuce Increases a Record 35.19 Percent

The consumer inflation rate for February has increased 0.16 percent compared to January, 19.67 percent compared to the same month last year. The inflation rate in January was 20.35 percent.

Annual Inflation in January 2019 Announced: 20.35 Percent

Annual Inflation in January 2019 Announced: 20.35 Percent

The Turkish Statistical Institution has announced the inflation figures for January 2019. While the consumer inflation has increased by 1.06 percent in comparison with previous month, it has increased by 20.35 percent in comparison with January 2018.

4 February 2019

Annual Inflation in 2018: 20.30 Percent

Annual Inflation in 2018: 20.30 Percent

The Turkish Statistical Institute has announced the inflation figures for December and 2018. While the consumer inflation has fallen by 0.40 percent in December, the annual consumer inflation has become 20.30 percent in 2018.

Inflation on Monthly Basis Falls for First Time Since 2017: 1.44 Percent

Inflation on Monthly Basis Falls for First Time Since 2017: 1.44 Percent

The Turkish Statistical Institute has announced the inflation figures for November. While the consumer inflation has fallen by 1.44 percent in comparison with October 2018, it has increased by 21.62 percent in comparison with November 2017.

3 December 2018

Turkey as the Country with Highest Inflation Rate in Europe

Turkey as the Country with Highest Inflation Rate in Europe

Turkish Statistical Institute has announced the annual consumer inflation in October as 25.24 percent. This figure shows that Turkey is the country with the highest inflation rate in Europe. What about the inflation rates of other European countries?

9 November 2018 Hikmet Adal

Inflation Hits 15-Year High: 25.24 Percent

Inflation Hits 15-Year High: 25.24 Percent

Turkish Statistical Institute has announced the inflation figures for October. Consumer inflation has increased by 25.24 percent in comparison with the same month last year, hitting a 15-year high. Annual producer inflation has been measured as 45.01 percent.

5 November 2018

Central Bank Increases Year-End Inflation Forecast from 13.4 to 23.5 Percent

Central Bank Increases Year-End Inflation Forecast from 13.4 to 23.5 Percent

Central Bank Chair Murat Çetinkaya has announced their inflation forecast for the fourth quarter of 2018. Accordingly, the year-end inflation forecast of the Central Bank has been increased from its previous level of 13.4 percent to 23.5 percent.

31 October 2018

Inflation Rate in August Remains Below Expectations

Inflation Rate in August Remains Below Expectations

The Turkish Statistical Institute has announced the inflation figures for August 2018. While the inflation in August has been measured as 2.30 percent, the inflation on annual basis has increased to 17.90 percent.

3 September 2018

10.23 Percent of Annual Inflation Rate Exceeds Expectations

10.23 Percent of Annual Inflation Rate Exceeds Expectations

Inflation has increased by 0.99 percent in March, becoming 10.23 percent on annual basis. The figures have shown that the annual inflation rate has exceeded the expectations.

Inflation Rates for February Exceed Expectations

Inflation Rates for February Exceed Expectations

Inflation has increased by 0.73 percent in February while the increase on annual basis has been 10.26 percent. With 55.10 percent, green beans have seen the highest price increase. Upon the announcement of inflation figures, the exchange rate of dollar has exceeded 3.82 Turkish Liras.

Greatest Increase in Inflation Rates in Education Sector

Greatest Increase in Inflation Rates in Education Sector

The Turkish Statistical Institute has announced the monthly inflation inflation rates for September 2017. The monthly inflation rate has risen by 0.65% in September and the yearly inflation rate has reached 11.2%.

2016 Inflation Forecast Raised

2016 Inflation Forecast Raised

Central Bank President Başçı has raised 2016 inflation forecast from 6.5% to 7.5%

26 January 2016

"Hidden Impoverishment" behind Inflation Rate

"Hidden Impoverishment" behind Inflation Rate

Öngel, Head of the Socialist trade union DİSK Research Institute, warned that the latest inflation figures did not reflect consumer spending by the poor and that people experienced a "hidden impoverishment".

4 January 2012 Ekin Karaca

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