Inflation Turkey 1974
Average inflation: 23.9%
Current Inflation
Inflation is very high at 23.9%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 26.1%. The lowest inflation was in February at 19.0%.
- Highest month
- April: 26.1%
- Lowest month
- February: 19.0%
- Difference
- 7.1 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 15.7%. The lowest price increase was in Food and non-alcoholic beverages with an average of 15.7%.
- Highest increase
- Food and non-alcoholic beverages: 15.7%
- Lowest increase
- Food and non-alcoholic beverages: 15.7%
Historical Context
Current inflation is 7.8% higher than the 5-year average of 16.1%. This approaches the highest level since records began (23.9% in 1974).
- 5-year average
- 16.1%
- 10-year average
- 11.8%
- All-time high (1974)
- 23.9%
- All-time low (1964)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 1973, inflation has risen by +10.0 percentage point.
- Change vs. previous year
- +10.0 percentage points
- Largest monthly swing
- July: +14.9 percentage points
ECB Target
Inflation is 21.9% 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 €123.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1974
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1973 |
|---|---|---|
| January | 19.7% | +7.5 |
| February | 19.0% | +7.7 |
| March | 25.4% | +14.0 |
| April | 26.1% | +13.9 |
| May | 26.1% | +13.5 |
| June | 24.7% | +12.6 |
| July | 25.9% | +14.9 |
| August | 25.5% | +13.5 |
| September | 23.1% | +7.3 |
| October | 22.6% | +5.0 |
| November | 23.8% | +5.5 |
| December | 24.6% | +4.8 |
| Average | 23.9% |
Data source
Data from OECD. Last updated: 19/12/2025.