Turkey - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Turkey was 19.60 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 105.22 in 1994 and a minimum value of 1.12 in 1964.

Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 5.66
1961 3.17
1962 3.89
1963 6.36
1964 1.12
1965 4.56
1966 8.47
1967 13.97
1968 6.05
1969 4.92
1970 7.92
1971 19.01
1972 15.42
1973 13.94
1974 23.90
1975 21.23
1976 17.46
1977 25.99
1978 61.90
1979 63.54
1980 94.26
1981 37.61
1982 29.14
1983 31.39
1984 48.39
1985 44.96
1986 34.61
1987 38.86
1988 68.81
1989 63.27
1990 60.30
1991 65.98
1992 70.08
1993 66.09
1994 105.22
1995 89.11
1996 80.41
1997 85.67
1998 84.64
1999 64.87
2000 54.92
2001 54.40
2002 44.96
2003 21.60
2004 8.60
2005 8.18
2006 9.60
2007 8.76
2008 10.44
2009 6.25
2010 8.57
2011 6.47
2012 8.89
2013 7.49
2014 8.85
2015 7.67
2016 7.78
2017 11.14
2018 16.33
2019 15.18
2020 12.28
2021 19.60

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Turkey was 14.83 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 143.64 in 1998 and a minimum value of 2.35 in 1964.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 4.37
1962 5.79
1963 6.42
1964 2.35
1965 4.12
1966 5.95
1967 5.94
1968 4.76
1969 6.88
1970 8.64
1971 16.90
1972 10.98
1973 21.93
1974 28.99
1975 21.31
1976 15.61
1977 24.09
1978 47.54
1979 76.72
1980 93.00
1981 44.06
1982 28.23
1983 26.26
1984 48.24
1985 53.05
1986 36.01
1987 33.61
1988 69.02
1989 75.40
1990 58.24
1991 59.16
1992 65.20
1993 68.38
1994 104.75
1995 86.01
1996 77.22
1997 81.45
1998 143.64
1999 54.28
2000 49.36
2001 52.98
2002 37.57
2003 23.29
2004 12.43
2005 7.09
2006 9.38
2007 6.20
2008 12.05
2009 5.45
2010 7.01
2011 8.20
2012 7.42
2013 6.28
2014 7.39
2015 7.84
2016 8.13
2017 10.98
2018 16.48
2019 13.86
2020 14.83

Inflation, GDP deflator: linked series (annual %)

The latest value for Inflation, GDP deflator: linked series (annual %) in Turkey was 14.83 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 104.75 in 1994 and 5.45 in 2009.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

See also:

Year Value
1990 58.24
1991 59.16
1992 65.20
1993 68.38
1994 104.75
1995 86.01
1996 77.22
1997 81.45
1998 75.68
1999 54.28
2000 49.36
2001 52.98
2002 37.57
2003 23.29
2004 12.43
2005 7.09
2006 9.38
2007 6.20
2008 12.05
2009 5.45
2010 7.01
2011 8.20
2012 7.42
2013 6.28
2014 7.39
2015 7.84
2016 8.13
2017 10.98
2018 16.48
2019 13.86
2020 14.83

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices