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.
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.