Inflation Turkey 1966
Average inflation: 8.5%
Inflation in 1966
Inflation is very high at 8.5%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 12.9%. The lowest inflation was in August at 5.0%.
- Highest month
- April: 12.9%
- Lowest month
- August: 5.0%
- Difference
- 7.9 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 3.6 percentage points higher than the 5-year average of 4.9%. This approaches the highest level since records began (8.5% in 1966).
- 5-year average
- 4.9%
- 10-year average
- 4.8%
- All-time high (1966)
- 8.5%
- All-time low (1964)
- 1.1%
Trend
Over the period 1964-1966, inflation shows an upward trend. Compared to 1965, inflation has risen by 3.9 percentage points.
- Change vs. previous year
- +3.9 percentage points
- Largest monthly swing
- March: +9.5 percentage points
ECB Target
Inflation is 6.5 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for TRY 100 this year will cost approximately TRY 108.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1966
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1965 |
|---|---|---|
| January | 8.2% | +7.1 |
| February | 8.4% | +5.4 |
| March | 12.6% | +9.5 |
| April | 12.9% | +8.7 |
| May | 10.6% | +7.2 |
| June | 5.8% | +1.6 |
| July | 6.2% | +0.4 |
| August | 5.0% | -2.3 |
| September | 6.1% | -0.4 |
| October | 6.5% | +0.8 |
| November | 8.6% | +3.7 |
| December | 11.0% | +5.4 |
| Average | 8.5% |
Data source
Data from OECD. Last updated: 19/12/2025.