Inflation, consumer prices in Turkey
Turkey: Inflation, consumer prices was 58.51 in 2024. ◆ Volatile
Latest (2024)
58.51
Change on year
up 8.6%
World rank
2nd
of 70 countries
All-time high
105.22
in 1994
All-time low
1.12
in 1964
Years of data
65
1960–2024
Inflation, consumer prices in Turkey, 1960–2024
Source: UNICEF.
Analysis
In 2024, inflation, consumer prices in Turkey stood at 58.51.
That represents a change of up 8.6% on the previous year and up 560.7% over ten years.
Over the whole period, inflation, consumer prices in Turkey peaked at 105.22 in 1994 and was at its lowest, 1.12, in 1964.
Turkey ranks 2nd of 70 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 5.66 | — |
| 1961 | 3.17 | -44.0% |
| 1962 | 3.89 | +22.5% |
| 1963 | 6.36 | +63.6% |
| 1964 | 1.12 | -82.4% |
| 1965 | 4.56 | +306.9% |
| 1966 | 8.47 | +86.0% |
| 1967 | 13.97 | +65.0% |
| 1968 | 6.05 | -56.7% |
| 1969 | 4.92 | -18.6% |
| 1970 | 7.92 | +60.9% |
| 1971 | 19.01 | +139.9% |
| 1972 | 15.42 | -18.9% |
| 1973 | 13.94 | -9.6% |
| 1974 | 23.9 | +71.5% |
| 1975 | 21.23 | -11.2% |
| 1976 | 17.46 | -17.8% |
| 1977 | 25.99 | +48.9% |
| 1978 | 61.9 | +138.2% |
| 1979 | 63.54 | +2.7% |
| 1980 | 94.26 | +48.3% |
| 1981 | 37.61 | -60.1% |
| 1982 | 29.14 | -22.5% |
| 1983 | 31.39 | +7.7% |
| 1984 | 48.39 | +54.2% |
| 1985 | 44.96 | -7.1% |
| 1986 | 34.61 | -23.0% |
| 1987 | 38.86 | +12.3% |
| 1988 | 68.81 | +77.1% |
| 1989 | 63.27 | -8.0% |
| 1990 | 60.3 | -4.7% |
| 1991 | 65.98 | +9.4% |
| 1992 | 70.08 | +6.2% |
| 1993 | 66.09 | -5.7% |
| 1994 | 105.22 | +59.2% |
| 1995 | 89.11 | -15.3% |
| 1996 | 80.41 | -9.8% |
| 1997 | 85.67 | +6.5% |
| 1998 | 84.64 | -1.2% |
| 1999 | 64.87 | -23.4% |
| 2000 | 54.92 | -15.3% |
| 2001 | 54.4 | -0.9% |
| 2002 | 44.96 | -17.3% |
| 2003 | 21.6 | -52.0% |
| 2004 | 8.6 | -60.2% |
| 2005 | 8.18 | -4.9% |
| 2006 | 9.6 | +17.3% |
| 2007 | 8.76 | -8.8% |
| 2008 | 10.44 | +19.3% |
| 2009 | 6.25 | -40.1% |
| 2010 | 8.57 | +37.0% |
| 2011 | 6.47 | -24.5% |
| 2012 | 8.89 | +37.4% |
| 2013 | 7.49 | -15.7% |
| 2014 | 8.85 | +18.2% |
| 2015 | 7.67 | -13.4% |
| 2016 | 7.78 | +1.4% |
| 2017 | 11.14 | +43.3% |
| 2018 | 16.33 | +46.6% |
| 2019 | 15.18 | -7.1% |
| 2020 | 12.28 | -19.1% |
| 2021 | 19.6 | +59.6% |
| 2022 | 72.31 | +269.0% |
| 2023 | 53.86 | -25.5% |
| 2024 | 58.51 | +8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.82 | 1.12 | 13.97 | 10 |
| 1970s | 27.03 | 7.92 | 63.54 | 10 |
| 1980s | 49.13 | 29.14 | 94.26 | 10 |
| 1990s | 77.24 | 60.3 | 105.22 | 10 |
| 2000s | 22.77 | 6.25 | 54.92 | 10 |
| 2010s | 9.84 | 6.47 | 16.33 | 10 |
| 2020s | 43.31 | 12.28 | 72.31 | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- Gross value added at basic prices (GVA) (current LCU), annual growth 41.04 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 34.98 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 650,599 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.19 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7537 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,019 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.19 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1.34 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 24,970 constant LCU per person (2025)
- GDP (current US$), annual growth rate 17.52 % change on previous year (2025)
Frequently asked questions
- What is inflation, consumer prices in Turkey?
- Inflation, consumer prices in Turkey was 58.51 in 2024, according to UNICEF.
- What is the highest inflation, consumer prices recorded in Turkey?
- The highest recorded value was 105.22 in 1994.
- What is the lowest inflation, consumer prices recorded in Turkey?
- The lowest recorded value was 1.12 in 1964.
- How does Turkey rank for inflation, consumer prices?
- Turkey ranks 2nd out of 70 countries with data for 2024.
- Is inflation, consumer prices rising or falling in Turkey?
- Over the last ten years it is up 560.7%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from UNICEF, published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
Download this data
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