inflation

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Finance minister: High inflation is a problem not only in Turkey, but in the world

Finance minister: High inflation is a problem not only in Turkey, but in the world

Minister of Treasury and Finance Lütfi Elvan says that they are aware of the fluctuations in the financial markets and exchange rates, attributing the increasing inflation rates in Turkey to global effects.

12 November 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

Grocery shopping trips of two families highlight food inflation

Grocery shopping trips of two families highlight food inflation

The two families had to spent a significant part of their retirement pensions to buy only fruits, vegetables and bread.

14 October 2021 Hikmet Adal

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 record-high producer inflation in agriculture

Turkey posts record-high producer inflation in agriculture

In July, agricultural input price index has increased by 29.38 percent compared to same month last year.

20 September 2021

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.

Highest rate in two years | Monthly inflation nears 2 percent in Turkey

TURKSTAT

Highest rate in two years | Monthly inflation nears 2 percent in Turkey

According to the Turkish Statistical Institute (TurkStat), the Consumer Price Index (CPI) increased by 17.53 percent annually and 1.94 percent monthly in June.

Turkey’s annual inflation according to TurkStat: 16.59 percent

MAY 2021

Turkey’s annual inflation according to TurkStat: 16.59 percent

The Turkish Statistical Institute has announced the Consumer Price Index for May 2021. It has increased by 16.59 percent annually and 0.89 percent monthly.

Erdoğan: Turkey to start Canal İstanbul project this month, may reduce interest rates in July

Erdoğan: Turkey to start Canal İstanbul project this month, may reduce interest rates in July

The president has said that the opposition shouldn't ask about how the Central Bank's foreign currency reserves of 128 billion dollars were spent.

Turkey’s annual inflation on the rise: 17.14 percent

TURKSTAT

Turkey’s annual inflation on the rise: 17.14 percent

The Turkish Statistical Institute has announced that the consumer price index increased by 17.14 percent annually and 1.68 percent monthly in April.

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.

‘We will keep interest rate above inflation,’ says Central Bank Governor

‘We will keep interest rate above inflation,’ says Central Bank Governor

Turkey’s Central Bank Governor Kavcıoğlu has said that the bank will continue to set the policy rate at a level above inflation, preserving the strong disinflationary effect, until there are strong indicators that point to a permanent fall in inflation.

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.

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

'Erdoğan has surrendered Turkey to the interest rate lobby'

'Erdoğan has surrendered Turkey to the interest rate lobby'

After claiming to fight the "interest rate lobby" for years, the president has made Turkey the country with the ninth highest interest rate in the world, the HDP's Paylan has pointed out.

14 January 2021

‘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

Poverty line is 3.5 times the minimum wage in Turkey, shows study

Poverty line is 3.5 times the minimum wage in Turkey, shows study

A recent study by the Confederation of Turkish Trade Unions (TÜRK-İŞ) has shown that the minimum amount of money necessary for the food expenses of a four-member family (starvation line) has increased to 2,516 lira (approx. 320 USD).

26 November 2020

‘Food prices have increased by 31.2 percent in a year’

'PEOPLE'S INFLATION' IN TURKEY

‘Food prices have increased by 31.2 percent in a year’

A recent study by the United Public Workers Confederation has shown that vegetable prices have increased by nearly 50 percent over the last 10 months.

28 October 2020

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 was 12.62 percent in June, says TurkStat

Annual inflation rate was 12.62 percent in June, says TurkStat

According to the figures shared by the TurkStat for June 2020, consumer price index has increased by 1.13 percent on a monthly basis and by 12.62 percent on an annual basis.

Annual Inflation Still in Double-Digit Figures in February: 12.37 Percent

Annual Inflation Still in Double-Digit Figures in February: 12.37 Percent

The TurkStat has announced the consumer and producer prices indexes for February 2020. Accordingly, consumer inflation has increased by 12.37 percent in comparison with the same month last year.

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

Annual Inflation in 2019: 11.84 Percent

Annual Inflation in 2019: 11.84 Percent

According to the figures shared by the Turkish Statistical Institute (TurkStat), inflation has increased by 1.74 percent in December 2019 and by 11.84 percent on an annual basis.

Inflation Hits Double-Digit Figures Again: 10.56 Percent

Inflation Hits Double-Digit Figures Again: 10.56 Percent

According to the consumer and producer price indexes announced by the Turkish Statistical Institute (TurkStat), the annual consumer inflation has increased from 8.55 percent to 10.56 percent in November 2019.

3 December 2019

Annual Inflation in October: 8.55 Percent

TURKISH STATISTICAL INSTITUTE

Annual Inflation in October: 8.55 Percent

While consumer inflation has increased by 2 percent in comparison with the previous month, the annual inflation has been announced as 8.55 percent. The highest monthly increase has been recorded in prices of clothing and footwear with 11.70 percent.

4 November 2019

Economists Comment on Single-Digit Inflation: Inflation Falls, Prices Keep on Rising

Economists Comment on Single-Digit Inflation: Inflation Falls, Prices Keep on Rising

Commenting on the inflation figures announced by the TurkStat for September earlier today, economists are of the opinion that these figures will not be kept at this level.

Turkish Statistical Institute: Inflation 9.26 Percent, Highest Price Increase in Housing

Turkish Statistical Institute: Inflation 9.26 Percent, Highest Price Increase in Housing

According to the TurkStat statistics on consumer and producer price indexes for September, the annual inflation has been down to single digits, namely 9.26 percent. The highest monthly price increase has been recorded in housing with 2.15 percent.

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