Turkey Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Turkey inflation rate for 2023 was 53.86%, a 18.45% decline from 2022.
- Turkey inflation rate for 2022 was 72.31%, a 52.71% increase from 2021.
- Turkey inflation rate for 2021 was 19.60%, a 7.32% increase from 2020.
- Turkey inflation rate for 2020 was 12.28%, a 2.9% decline from 2019.
| Turkey Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
53.86% |
-18.45% |
| 2022 |
72.31% |
52.71% |
| 2021 |
19.60% |
7.32% |
| 2020 |
12.28% |
-2.90% |
| 2019 |
15.18% |
-1.16% |
| 2018 |
16.33% |
5.19% |
| 2017 |
11.14% |
3.37% |
| 2016 |
7.78% |
0.10% |
| 2015 |
7.67% |
-1.18% |
| 2014 |
8.85% |
1.36% |
| 2013 |
7.49% |
-1.40% |
| 2012 |
8.89% |
2.42% |
| 2011 |
6.47% |
-2.09% |
| 2010 |
8.57% |
2.32% |
| 2009 |
6.25% |
-4.19% |
| 2008 |
10.44% |
1.69% |
| 2007 |
8.76% |
-0.84% |
| 2006 |
9.60% |
1.42% |
| 2005 |
8.18% |
-0.42% |
| 2004 |
8.60% |
-13.00% |
| 2003 |
21.60% |
-23.36% |
| 2002 |
44.96% |
-9.44% |
| 2001 |
54.40% |
-0.52% |
| 2000 |
54.92% |
-9.95% |
| 1999 |
64.87% |
-19.77% |
| 1998 |
84.64% |
-1.03% |
| 1997 |
85.67% |
5.26% |
| 1996 |
80.41% |
-8.70% |
| 1995 |
89.11% |
-16.10% |
| 1994 |
105.22% |
39.12% |
| 1993 |
66.09% |
-3.98% |
| 1992 |
70.08% |
4.10% |
| 1991 |
65.98% |
5.67% |
| 1990 |
60.30% |
-2.97% |
| 1989 |
63.27% |
-5.54% |
| 1988 |
68.81% |
29.95% |
| 1987 |
38.86% |
4.25% |
| 1986 |
34.61% |
-10.35% |
| 1985 |
44.96% |
-3.43% |
| 1984 |
48.39% |
17.00% |
| 1983 |
31.39% |
2.25% |
| 1982 |
29.14% |
-8.48% |
| 1981 |
37.61% |
-56.65% |
| 1980 |
94.26% |
30.72% |
| 1979 |
63.54% |
1.65% |
| 1978 |
61.90% |
35.91% |
| 1977 |
25.99% |
8.53% |
| 1976 |
17.46% |
-3.77% |
| 1975 |
21.23% |
-2.67% |
| 1974 |
23.90% |
9.96% |
| 1973 |
13.94% |
-1.48% |
| 1972 |
15.42% |
-3.59% |
| 1971 |
19.01% |
11.09% |
| 1970 |
7.92% |
3.00% |
| 1969 |
4.92% |
-1.12% |
| 1968 |
6.05% |
-7.93% |
| 1967 |
13.97% |
5.50% |
| 1966 |
8.47% |
3.92% |
| 1965 |
4.56% |
3.44% |
| 1964 |
1.12% |
-5.24% |
| 1963 |
6.36% |
2.47% |
| 1962 |
3.89% |
0.72% |
| 1961 |
3.17% |
-2.49% |
| 1960 |
5.66% |
-2.49% |
