Inflation Turkey 1976
Average inflation: 17.4%
Current Inflation
Inflation is very high at 17.4%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 19.3%. The lowest inflation was in May at 15.0%.
- Highest month
- January: 19.3%
- Lowest month
- May: 15.0%
- Difference
- 4.3 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 20.0%. The lowest price increase was in Food and non-alcoholic beverages with an average of 20.0%.
- Highest increase
- Food and non-alcoholic beverages: 20.0%
- Lowest increase
- Food and non-alcoholic beverages: 20.0%
Historical Context
Current inflation is 1.1% lower than the 5-year average of 18.5%.
- 5-year average
- 18.5%
- 10-year average
- 14.4%
- All-time high (1974)
- 23.9%
- All-time low (1964)
- 1.1%
Trend
Inflation shows a downward trend. Compared to 1975, inflation has fallen by +4.1 percentage point.
- Change vs. previous year
- -4.1 percentage points
- Largest monthly swing
- February: -13.4 percentage points
ECB Target
Inflation is 15.4% 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 €117.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1976
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1975 |
|---|---|---|
| January | 19.3% | -5.2 |
| February | 16.8% | -13.4 |
| March | 15.6% | -10.3 |
| April | 15.4% | -9.0 |
| May | 15.0% | -8.3 |
| June | 16.7% | -4.4 |
| July | 17.5% | -2.2 |
| August | 18.7% | -0.5 |
| September | 19.3% | +1.6 |
| October | 18.3% | +0.2 |
| November | 17.4% | +0.2 |
| December | 19.3% | +3.0 |
| Average | 17.4% |
Data source
Data from OECD. Last updated: 19/12/2025.