Development of inflation rates in Turkey
The inflation rate for consumer prices in Turkey moved over the past 38 years between 6.3% and 105.2%. For 2017, an inflation rate of 11.1% was calculated.
During the observation period from 1979 to 2017, the average inflation rate was 42.7%
per year. Overall, the price increase was 32,181,380.89 %. An item that cost 100 Lira in 1979 was so charged 32,181,480.89 Lira in the beginning of 2018.
In only a very few countries, the price increase is that high. The rate of 105.2% in 1994 means, that compared to the previous year all prices have been increased by an average of 105.2%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Turkey