Turkey Inflation Rate

Last Release

Dec 31, 2024

Actual

44.38

Units In

47.09

Frequency

Monthly

Next Release

Feb 05, 2025

Time to Release

30 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
138.71 May 1980	-4.01 Jun 1968	35.39 %	1965-2024	Turkish Statistical Institute

In Turkey, the most important categories in the consumer price index are food and non-alcoholic beverages (23.7 percent of total weight); housing, water, electricity, gas and other fuels (15.9 percent of total weight) and transportation (14.3 percent). Others include: furnishings, household equipment and routine maintenance (8 percent); hotels, cafes and restaurants (7.5 percent); clothing and footwear (7.4 percent); alcoholic beverages and tobacco (5 percent). The index also includes miscellaneous goods and services (4.7 percent); communication (4.4 percent); recreation and culture (3.8 percent); health (2.7 percent) and education (2.6 percent).

Latest Updates

The annual inflation rate in Turkey slowed to 44.38% in December 2024 from 47.09% in the previous month and less than market expectations of 45.2%. This also marked the seventh consecutive month of gradual disinflation and the lowest reading since June 2023, as prices moderated in most of the sub-indices, namely; for food and non-alcoholic beverages (43.58% vs 48.57% in November), housing, water, electricity, gas, and other fuels (69.03% vs 74.45%), alcoholic beverages and tobacco (39.28% vs 39.32%), hotels, cafes, and restaurants (57.13% vs 59.38%), communications (34.08% vs 35.71%), recreation and culture (37.57% vs 42.79%) and miscellaneous goods and services (43.3% vs 43.81%). Meanwhile, costs increased at a faster pace for clothing and footwear (32.32% vs 31.45%). On a monthly basis, the consumer prices eased to 1.03% in December 2024 from 2.24% in the previous month, marking the lowest reading since May 2023.