Inflation Turkey 1978
Average inflation: 62.0%
Current Inflation
Inflation is very high at 62.0%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 71.7%. The lowest inflation was in January at 51.6%.
- Highest month
- August: 71.7%
- Lowest month
- January: 51.6%
- Difference
- 20.1 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 45.5%. The lowest price increase was in Food and non-alcoholic beverages with an average of 45.5%.
- Highest increase
- Food and non-alcoholic beverages: 45.5%
- Lowest increase
- Food and non-alcoholic beverages: 45.5%
Historical Context
Current inflation is 31.9% higher than the 5-year average of 30.1%. This approaches the highest level since records began (62.0% in 1978).
- 5-year average
- 30.1%
- 10-year average
- 21.2%
- All-time high (1978)
- 62%
- All-time low (1964)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 1977, inflation has risen by +36.4 percentage point.
- Change vs. previous year
- +36.4 percentage points
- Largest monthly swing
- June: +51.5 percentage points
ECB Target
Inflation is 60.0% 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 €162.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1978
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1977 |
|---|---|---|
| January | 51.6% | +35.6 |
| February | 57.2% | +41.9 |
| March | 56.2% | +39.3 |
| April | 59.0% | +40.9 |
| May | 64.6% | +45.1 |
| June | 70.2% | +51.5 |
| July | 70.5% | +48.4 |
| August | 71.7% | +49.0 |
| September | 67.2% | +37.9 |
| October | 63.4% | +26.8 |
| November | 58.0% | +13.1 |
| December | 54.0% | +7.2 |
| Average | 62.0% |
Data source
Data from OECD. Last updated: 19/12/2025.