This page has economic forecasts for Turkey including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Turkey economy. The Turkish economy contracted 2.6% in the first quarter of the year compared to the previous period last year due to shrinking domestic demand and decreasing investment expenditures, yet it also ditched a technical recession by posting 1.3% growth on a quarter-on-quarter basis.
Year-on-year, prices rose at a softer pace for food & non-alcoholic beverages (17.22 percent vs 18.21 percent in July); housing & utilities (14.02 percent vs 16.05 percent); transportation (6.72 percent vs 13.67 percent); furniture & household equipment (20.13 percent vs 25.41 percent); hotels, cafes & restaurants (18.52 percent vs 19.85 percent); miscellaneous goods & services (20.98 percent vs 26.93 percent); communication (3.57 percent vs 6.29 percent); recreation & culture (15.07 percent vs 17.47 percent) and health (17.47 percent vs 17.93 percent). On the other hand, cost advanced faster for clothing & footwear (4.70 percent vs 4.18 percent); alcoholic beverages & tobacco (41.42 percent vs 19.23 percent) and education (17.59 percent vs 13.68 percent). NewsTurkey’s annual inflation rate increased to 16.65 percent in July of 2019 from June’s one-year low of 15.72 percent and below market expectations of 16.9 percent, mainly due to a rise in prices of housing and utilities and transport.Published on 2019-08-05Turkey's annual inflation rate declined to 15.72 percent in June 2019 from 18.71 percent in the previous month and slightly below market expectations of 15.74 percent. It was the lowest inflation rate since June last year, mainly due to a slowdown in cost of food & non-alcoholic beverages, transportation and housing & utilities.Published on 2019-07-03Turkey's annual inflation rate fell to 18.71 percent in May 2019 from 19.50 percent in the previous month and below market expectations of 19.1 percent. It was the lowest rate since August last year.Published on 2019-06-03The Turkish annual inflation rate fell to 19.50 percent in April 2019 from 19.71 percent in the previous month and below market expectations of 19.57 percent. This is the lowest inflation rate since August last year, as prices slowed mostly for housing & utilities and transport.
However, cost continued to rise for food.Published on 2019-05-03. Turkey PricesLastPreviousHighestLowestUnit15.0116.65138.71-4.01percent0.861.366.30-1.44percent422.2.8494.77Index Points360.0.2294.47Index Points13.6016.2024.342.50percent170.6.0059.40Index Points449.7.160.01Index Points13.4521.66139.90-3.75percent92.4091.61Index Points89.7990.77Index Points17.2218.2131.861.38percent160.0.681.20Index Points458.8.1096.79Index Points409.9.2194.61Index Points.
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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). This page provides the latest reported value for - Turkey Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.