inflation

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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

'Turkey's 2018 Budget Closes with TL 72.1 Billion Deficit'

'Turkey's 2018 Budget Closes with TL 72.1 Billion Deficit'

Minister of Treasury and Finance Berat Albayrak has stated, “We anticipate that the budget deficit of Turkey in 2018 may amount to 72.1 billion Turkish Lira", which approximately amounts to USD 12.56 billion.

24 October 2018

Berat Albayrak: We Demanded 10-Percent Discount from All Companies

“PROGRAMME OF TOTAL STRUGGLE AGAINST INFLATION”

Berat Albayrak: We Demanded 10-Percent Discount from All Companies

Minister of Treasury and Finance Berat Albayrak has stated that it is not mandatory for companies to participate in the 10-percent discount campaign and called the citizens to prefer the ones that will take part in the campaign.

Inflation Hits 16-Year High in September

Inflation Hits 16-Year High in September

Consumer inflation in September has increased by 6.30 percent in comparison with the previous month and by 24.52 percent in comparison with the same month last year. As for the annual producer inflation, it has increased by 46.15 percent, hitting a 16-year high.

New Economic Plan: Growth, Inflation Expectations Revised

New Economic Plan: Growth, Inflation Expectations Revised

Minister of Treasury and Finance Albayrak has announced that the economy of Turkey is expected to grow by 3.8 percent in 2018 and by 2.3 percent in 2019. He has also stated that their inflation expectations for 2018 and 2019 are 20.8 and 15.9 percent respectively.

20 September 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

Inflation Rate in July is 15.85 Percent

Inflation Rate in July is 15.85 Percent

The Turkish Statistical Institute has announced the inflation figures for July 2018. The annual inflation rate in July has been measured as 15.85 percent, which marks an increase of 0.55 percent in comparison with June 2018.

Exchange Rate of US Dollar Reaches 5 Turkish Lira

Exchange Rate of US Dollar Reaches 5 Turkish Lira

After the US has announced its decision to impose sanctions on Turkey, the exchange rate of US Dollar has become 5 Turkish Lira.

Central Bank Increases Its Inflation Forecast by 5 Percent

Central Bank Increases Its Inflation Forecast by 5 Percent

The Central Bank has released its inflation report for the third quarter of 2018 and increased its inflation forecast from 8.4 percent to 13.4 percent.

Peak of Last 15 Years: Inflation Marks 15.39 Percent in June

Peak of Last 15 Years: Inflation Marks 15.39 Percent in June

Inflation has reached the highest point which the current inflation index has ever seen. The previous peak was 12.98 percent in November 2017.

Inflation at Producer Prices at 15 Years’ Peak

Inflation at Producer Prices at 15 Years’ Peak

Consumer Price Index in May 2018 has increased by 6.39 percent compared to December 2017 and by 12.15 percent compared to May 2017. As for Producer Price Index, it has increased by 12.12 percent compared to December 2017 and by 20.16 percent compared to May 2017.

Inflation exceeds expectation in April: 10.85 percent

Inflation exceeds expectation in April: 10.85 percent

Consumer Price Index, which was expected to rise by 1.47 percent, has increased by 1.87 percent. Annual inflation has reached 10.85 percent.

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.

Annual Inflation Down to 10.35% in First Month of 2018

Annual Inflation Down to 10.35% in First Month of 2018

Annual inflation has fallen from 11.92% to 10.35. Changes have been made to the inflation basket, with women’s boots dropped and cold tea added in.

5 February 2018

Annual Inflation Rate Hits All Time High Since 2004: 12.98%

Annual Inflation Rate Hits All Time High Since 2004: 12.98%

Inflation hiked by 1.49% in November and 12.98% annually. The annual increase is all time high since January 2004.

4 December 2017

Inflation Rate Hits Double Digit: 10.68

Inflation Rate Hits Double Digit: 10.68

Annual inflation rate has hit double digits again: 10.68%. The monthly inflation rate has reached 0.52%. The greatest increase was in education sector with an increase of 2,79%.

5 September 2017

Annual Inflation Falls Back to Single Digit Level in July

Annual Inflation Falls Back to Single Digit Level in July

According to TÜİK’s stats, inflation rate hikes by 0.15% compared to last month; 9.79% in July 2017 compared to the same month of last year in consumer prices.

Highest Inflation Rate Over 8.5 Years: 11.29%

Highest Inflation Rate Over 8.5 Years: 11.29%

Bouncing from 10.3% to 11.29%, annual inflation rate in March 2017 has hit peak since October 2008.

Inflation Rate Reaches Double-Digit After 5 Years

Inflation Rate Reaches Double-Digit After 5 Years

Increasing by 10.13%, the annual Consumer Price Index has reached double-digit for the first time since April 2012.

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

Economy’s Future for 3 Years Announced

Economy’s Future for 3 Years Announced

Vice Prime Minister, Mehmet Şimşek has announced Medium-Term Program in economy; foresaw 4.5% in growth, 7.5% in inflation in 2016.

11 January 2016

Stagnating Economy is Lowering Inflation

According to the Turkish Statistical Institute, the annual rise in consumer prices was 9.5 percent in January 2009.

4 February 2009 Erhan Üstündağ

Lower-Income Families Affected by Inflation

Prices of basic goods rose by 13 percent in the last year, while rents rose by 16 percent. Lower-income and middle-class families have been most affected.

5 March 2008 Mustafa Sönmez

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