Turkiye - Inflation, consumer prices (annual %) 1960 - 2022
Turkiye's inflation, consumer prices (annual %) is currently 72.31%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Turkiye's inflation, consumer prices (annual %) for 2022 was 72.309%, a 268.99% increase from 2021, with a +52 difference.
- In 2021 it was 19.596%, a 59.59% increase from 2020, with a +7 difference.
- In 2020 it was 12.279%, a -19.09% increase from 2019.
- In 2019 it was 15.177%, a -7.08% increase from 2018.
- In 2018 it was 16.332%, a 46.55% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Turkiye is currently 32.102% (average of years with recorded data) with a lowest recorded value of 1.1196% in 1964 and a highest value of 105.215% in 1994.
Turkiye's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 5.665% | |
| 1961 | 3.173% | -43.99% |
| 1962 | 3.888% | 22.55% |
| 1963 | 6.363% | 63.64% |
| 1964 | 1.12% | -82.40% |
| 1965 | 4.556% | 306.88% |
| 1966 | 8.472% | 85.97% |
| 1967 | 13.975% | 64.95% |
| 1968 | 6.046% | -56.73% |
| 1969 | 4.924% | -18.56% |
| 1970 | 7.924% | 60.92% |
| 1971 | 19.011% | 139.92% |
| 1972 | 15.416% | -18.91% |
| 1973 | 13.938% | -9.59% |
| 1974 | 23.898% | 71.46% |
| 1975 | 21.227% | -11.18% |
| 1976 | 17.456% | -17.77% |
| 1977 | 25.985% | 48.86% |
| 1978 | 61.897% | 138.20% |
| 1979 | 63.543% | 2.66% |
| 1980 | 94.261% | 48.34% |
| 1981 | 37.615% | -60.10% |
| 1982 | 29.138% | -22.54% |
| 1983 | 31.39% | 7.73% |
| 1984 | 48.392% | 54.16% |
| 1985 | 44.962% | -7.09% |
| 1986 | 34.61% | -23.02% |
| 1987 | 38.856% | 12.27% |
| 1988 | 68.81% | 77.09% |
| 1989 | 63.273% | -8.05% |
| 1990 | 60.304% | -4.69% |
| 1991 | 65.979% | 9.41% |
| 1992 | 70.076% | 6.21% |
| 1993 | 66.094% | -5.68% |
| 1994 | 105.215% | 59.19% |
| 1995 | 89.113% | -15.30% |
| 1996 | 80.412% | -9.76% |
| 1997 | 85.669% | 6.54% |
| 1998 | 84.641% | -1.20% |
| 1999 | 64.867% | -23.36% |
| 2000 | 54.915% | -15.34% |
| 2001 | 54.4% | -0.94% |
| 2002 | 44.964% | -17.35% |
| 2003 | 21.602% | -51.96% |
| 2004 | 8.598% | -60.20% |
| 2005 | 8.179% | -4.87% |
| 2006 | 9.597% | 17.34% |
| 2007 | 8.756% | -8.76% |
| 2008 | 10.444% | 19.28% |
| 2009 | 6.251% | -40.15% |
| 2010 | 8.566% | 37.04% |
| 2011 | 6.472% | -24.45% |
| 2012 | 8.892% | 37.39% |
| 2013 | 7.493% | -15.73% |
| 2014 | 8.855% | 18.17% |
| 2015 | 7.671% | -13.37% |
| 2016 | 7.775% | 1.36% |
| 2017 | 11.144% | 43.33% |
| 2018 | 16.332% | 46.55% |
| 2019 | 15.177% | -7.08% |
| 2020 | 12.279% | -19.09% |
| 2021 | 19.596% | 59.59% |
| 2022 | 72.309% | 268.99% |
Expand
Comparison with Countries in the Europe & Central Asia Region.
Among countries in the same World Bank Europe & Central Asia (ECA) region, Turkiye comes in 1st with 72.309% inflation, consumer prices (annual %).
- Within the same region, Moldova comes in 2nd with 28.737%, inflation, consumer prices (annual %).
- Ukraine comes in 3rd with 20.184%.
- Lithuania comes in 4th with 19.705%.
- Estonia comes in 5th with 19.398%.
- Latvia comes in 6th with 17.31%.
- Bulgaria comes in 7th with 15.325%.
- Belarus comes in 8th with 15.21%.
- Czechia comes in 9th with 15.1%.
- Hungary comes in 10th with 14.608%.
- And Poland comes in 11th with 14.43%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Europe & Central Asia Region.
Top 10 Countries in the Europe & Central Asia Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Turkiye | 72.31% | 2022 |
| 2 | Moldova | 28.74% | 2022 |
| 3 | Ukraine | 20.18% | 2022 |
| 4 | Lithuania | 19.70% | 2022 |
| 5 | Estonia | 19.40% | 2022 |
| 6 | Latvia | 17.31% | 2022 |
| 7 | Bulgaria | 15.33% | 2022 |
| 8 | Belarus | 15.21% | 2022 |
| 9 | Czechia | 15.10% | 2022 |
| 10 | Hungary | 14.61% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Turkiye comes in 2nd with 72.309% inflation, consumer prices (annual %).
- Within the same income group, Venezuela, RB comes in 1st with 254.949%, inflation, consumer prices (annual %).
- Suriname comes in 3rd with 52.446%.
- Moldova comes in 4th with 28.737%.
- Bulgaria comes in 5th with 15.325%.
- Belarus comes in 6th with 15.21%.
- North Macedonia comes in 7th with 14.205%.
- Bosnia and Herzegovina comes in 8th with 14.021%.
- Azerbaijan comes in 9th with 13.852%.
- Montenegro comes in 10th with 13.04%.
- Palau comes in 11th with 12.353%.
- And Serbia comes in 12th with 11.982%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |