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Development of inflation rates in Turkey

The inflation rate for consumer prices in Turkey moved over the past 61 years between 1.1% and 105.2%. For 2021, an inflation rate of 19.6% was calculated.

During the observation period from 1960 to 2021, the average inflation rate was 32.0% per year. Overall, the price increase was 616,541,867.63 %. An item that cost 100 Lira in 1960 was so charged 616,541,967.63 Lira in the beginning of 2022.

For May 2022, the year-on-year inflation rate was 73.5%.
This includes in particular energy (+136.9%) and food (+91.6%).


Inflation rates in global comparison


Back to overview: Turkey

Performance over the last 61 years compared to the US

In only a very few countries, the price increase is that high. The Consumer Price Index (CPI) 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.

Performance based on 100% in 1959:Performance in Turkey

      Turkey       USA


Inflation calculator for Turkey

Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Lira in 1960 corresponds to an amount of 6,165,419,676.31 Lira at the beginning of 2022 due to inflation.

Original amount in Lira:


Start year:


End year:


Development of inflation rates for consumer goods in Turkey

Inflation rates for consumer goods in Turkey

Energy and food

Food and energy inflation in Turkey

      Energy       Food

Historical inflation rates in comparison

YearTurkeyØ USAØ World
202119.60 %4.70 %3.42 %
202012.28 %1.23 %1.91 %
201915.18 %1.81 %2.21 %
201816.33 %2.44 %2.44 %
201711.14 %2.13 %2.19 %
20167.78 %1.26 %1.55 %
20157.67 %0.12 %1.43 %
20148.85 %1.62 %2.35 %
20137.49 %1.46 %2.62 %
20128.89 %2.07 %3.73 %
20116.47 %3.16 %4.82 %
20108.57 %1.64 %3.35 %
20096.25 %-0.36 %2.94 %
200810.44 %3.84 %8.95 %
20078.76 %2.85 %4.82 %
20069.60 %3.23 %4.28 %
20058.18 %3.39 %4.11 %
20048.60 %2.68 %3.38 %
200321.60 %2.27 %3.03 %
200244.96 %1.59 %2.83 %
200154.40 %2.83 %3.84 %
200054.92 %3.38 %3.49 %
199964.87 %2.19 %3.08 %
199884.64 %1.55 %5.11 %
199785.67 %2.34 %5.57 %
199680.41 %2.93 %6.55 %
199589.11 %2.81 %9.15 %
1994105.21 %2.61 %10.32 %
199366.09 %2.95 %7.51 %
199270.08 %3.03 %7.71 %
199165.98 %4.23 %9.00 %
199060.30 %5.40 %8.13 %
198963.27 %4.83 %7.00 %
198868.81 %4.08 %7.15 %
198738.86 %3.66 %5.76 %
198634.61 %1.90 %5.82 %
198544.96 %3.55 %6.86 %
198448.39 %4.30 %8.12 %
198331.39 %3.21 %8.77 %
198229.14 %6.13 %10.24 %
198137.61 %10.33 %12.47 %
198094.26 %13.55 %13.98 %
197963.54 %11.25 %n/a
197861.90 %7.63 %n/a
197725.99 %6.50 %n/a
197617.46 %5.74 %n/a
197521.23 %9.14 %n/a
197423.90 %11.05 %n/a
197313.94 %6.18 %n/a
197215.42 %3.27 %n/a
197119.01 %4.29 %n/a
19707.92 %5.84 %n/a
19694.92 %5.46 %n/a
19686.05 %4.27 %n/a
196713.97 %2.77 %n/a
19668.47 %3.02 %n/a
19654.56 %1.59 %n/a
19641.12 %1.28 %n/a
19636.36 %1.24 %n/a
19623.89 %1.20 %n/a
19613.17 %1.07 %n/a
19605.66 %1.46 %n/a

Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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