Turkey Inflation Rate 1960-2021

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 2020 was 12.28%, a 2.9% decline from 2019.
  • Turkey inflation rate for 2019 was 15.18%, a 1.16% decline from 2018.
  • Turkey inflation rate for 2018 was 16.33%, a 5.19% increase from 2017.
  • Turkey inflation rate for 2017 was 11.14%, a 3.37% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 84.86%
Turkey 12.28%
Kazakhstan 6.75%
Belarus 5.55%
Jamaica 5.23%
Equatorial Guinea 4.77%
Dominican Republic 3.78%
Mexico 3.40%
Russia 3.38%
South Africa 3.22%
Guatemala 3.21%
Brazil 3.21%
Azerbaijan 2.76%
Romania 2.63%
Mauritius 2.58%
Colombia 2.52%
China 2.42%
Algeria 2.42%
Namibia 2.21%
Botswana 1.89%
Peru 1.83%
Paraguay 1.77%
Bulgaria 1.67%
Albania 1.62%
Serbia 1.58%
Gabon 1.37%
Armenia 1.21%
North Macedonia 1.20%
Costa Rica 0.72%
Jordan 0.33%
Montenegro -0.26%
Ecuador -0.34%
Thailand -0.85%
Bosnia -1.05%
Malaysia -1.14%
Maldives -1.37%
Samoa -1.57%
Turkey Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%