Inflation Turkey 1973
Average inflation: 13.9%
Current Inflation
Inflation is very high at 13.9%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 19.8%. The lowest inflation was in July at 11.0%.
- Highest month
- December: 19.8%
- Lowest month
- July: 11.0%
- Difference
- 8.8 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 23.7%. The lowest price increase was in Food and non-alcoholic beverages with an average of 23.7%.
- Highest increase
- Food and non-alcoholic beverages: 23.7%
- Lowest increase
- Food and non-alcoholic beverages: 23.7%
Historical Context
Current inflation is 1.6% higher than the 5-year average of 12.3%.
- 5-year average
- 12.3%
- 10-year average
- 9.6%
- All-time high (1971)
- 18.9%
- All-time low (1964)
- 1.1%
Trend
Inflation shows a downward trend. Compared to 1972, inflation has fallen by +1.8 percentage point.
- Change vs. previous year
- -1.8 percentage points
- Largest monthly swing
- January: -9.7 percentage points
ECB Target
Inflation is 11.9% 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 €113.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1973
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1972 |
|---|---|---|
| January | 12.2% | -9.7 |
| February | 11.3% | -9.3 |
| March | 11.4% | -8.2 |
| April | 12.2% | -5.2 |
| May | 12.6% | -5.2 |
| June | 12.1% | -7.5 |
| July | 11.0% | -3.8 |
| August | 12.0% | -0.1 |
| September | 15.8% | +3.8 |
| October | 17.6% | +6.6 |
| November | 18.3% | +7.8 |
| December | 19.8% | +8.8 |
| Average | 13.9% |
Data source
Data from OECD. Last updated: 19/12/2025.