Inflation Turkey 1962
Average inflation: 3.9%
Inflation in 1962
Inflation is high at 3.9%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 6.5%. The lowest inflation was in July at 2.1%.
- Highest month
- February: 6.5%
- Lowest month
- July: 2.1%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is around the 5-year average of 4.4%.
- 5-year average
- 4.4%
- 10-year average
- 4.4%
- All-time high (1960)
- 6%
- All-time low (1961)
- 3.2%
Trend
Over the period 1960-1962, inflation shows a downward trend. Compared to 1961, inflation has risen by 0.7 percentage points.
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- February: +7.4 percentage points
ECB Target
Inflation is 1.9 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for TRY 100 this year will cost approximately TRY 103.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1962
Month overview
| Month | Inflation | Difference vs. 1961 |
|---|---|---|
| January | 5.3% | +7.0 |
| February | 6.5% | +7.4 |
| March | 4.2% | +2.0 |
| April | 4.3% | +3.9 |
| May | 2.5% | -0.1 |
| June | 3.4% | +0.3 |
| July | 2.1% | -2.7 |
| August | 3.4% | -0.6 |
| September | 3.4% | -1.0 |
| October | 2.1% | -5.0 |
| November | 4.6% | -1.7 |
| December | 5.0% | -1.2 |
| Average | 3.9% |
Data source
Data from OECD. Last updated: 24/11/2025.