Inflation Turkey 1970
Average inflation: 7.9%
Current Inflation
Inflation is very high at 7.9%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 10.2%. The lowest inflation was in January at 6.5%.
- Highest month
- November: 10.2%
- Lowest month
- January: 6.5%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 3.8%. The lowest price increase was in Food and non-alcoholic beverages with an average of 3.8%.
- Highest increase
- Food and non-alcoholic beverages: 3.8%
- Lowest increase
- Food and non-alcoholic beverages: 3.8%
Historical Context
Current inflation is around the 5-year average of 8.3%.
- 5-year average
- 8.3%
- 10-year average
- 6.1%
- All-time high (1967)
- 14%
- All-time low (1964)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 1969, inflation has risen by +3.0 percentage point.
- Change vs. previous year
- +3.0 percentage points
- Largest monthly swing
- November: +5.7 percentage points
ECB Target
Inflation is 5.9% 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 €100 this year will cost approximately €107.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1970
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1969 |
|---|---|---|
| January | 6.5% | +1.5 |
| February | 6.8% | +1.8 |
| March | 6.9% | +1.3 |
| April | 6.8% | +1.2 |
| May | 6.6% | +0.5 |
| June | 7.7% | +2.4 |
| July | 7.6% | +3.5 |
| August | 7.8% | +3.7 |
| September | 9.2% | +5.4 |
| October | 9.5% | +5.4 |
| November | 10.2% | +5.7 |
| December | 9.3% | +3.4 |
| Average | 7.9% |
Data source
Data from OECD. Last updated: 19/12/2025.