Inflation Turkey 1971
Average inflation: 18.9%
Current Inflation
Inflation is very high at 18.9%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 25.4%. The lowest inflation was in January at 9.6%.
- Highest month
- September: 25.4%
- Lowest month
- January: 9.6%
- Difference
- 15.8 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 13.3%. The lowest price increase was in Food and non-alcoholic beverages with an average of 13.3%.
- Highest increase
- Food and non-alcoholic beverages: 13.3%
- Lowest increase
- Food and non-alcoholic beverages: 13.3%
Historical Context
Current inflation is 8.5% higher than the 5-year average of 10.4%. This approaches the highest level since records began (18.9% in 1971).
- 5-year average
- 10.4%
- 10-year average
- 7.6%
- All-time high (1971)
- 18.9%
- All-time low (1964)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 1970, inflation has risen by +11.0 percentage point.
- Change vs. previous year
- +11.0 percentage points
- Largest monthly swing
- August: +17.3 percentage points
ECB Target
Inflation is 16.9% 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 €118.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1971
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1970 |
|---|---|---|
| January | 9.6% | +3.1 |
| February | 11.7% | +4.9 |
| March | 12.6% | +5.7 |
| April | 14.8% | +8.0 |
| May | 15.2% | +8.6 |
| June | 16.0% | +8.3 |
| July | 22.9% | +15.3 |
| August | 25.1% | +17.3 |
| September | 25.4% | +16.2 |
| October | 25.3% | +15.8 |
| November | 24.8% | +14.6 |
| December | 23.4% | +14.1 |
| Average | 18.9% |
Data source
Data from OECD. Last updated: 19/12/2025.