Inflation Turkey 1988
Average inflation: 68.6%
Current Inflation
Inflation is very high at 68.6%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 76.8%. The lowest inflation was in January at 59.6%.
- Highest month
- October: 76.8%
- Lowest month
- January: 59.6%
- Difference
- 17.2 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 70.7%. The lowest price increase was in Food and non-alcoholic beverages with an average of 70.7%.
- Highest increase
- Food and non-alcoholic beverages: 70.7%
- Lowest increase
- Food and non-alcoholic beverages: 70.7%
Historical Context
Current inflation is 21.5% higher than the 5-year average of 47.1%.
- 5-year average
- 47.1%
- 10-year average
- 49.4%
- All-time high (1980)
- 97.1%
- All-time low (1969)
- 4.9%
Trend
Inflation shows an upward trend. Compared to 1987, inflation has risen by +30.1 percentage point.
- Change vs. previous year
- +30.1 percentage points
- Largest monthly swing
- October: +40.4 percentage points
ECB Target
Inflation is 66.6% 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 €168.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1988
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1987 |
|---|---|---|
| January | 59.6% | +29.3 |
| February | 61.2% | +29.6 |
| March | 64.0% | +29.3 |
| April | 70.7% | +33.7 |
| May | 68.3% | +27.2 |
| June | 70.0% | +32.3 |
| July | 69.5% | +31.8 |
| August | 70.6% | +31.7 |
| September | 75.5% | +35.8 |
| October | 76.8% | +40.4 |
| November | 75.3% | +33.6 |
| December | 61.6% | +6.5 |
| Average | 68.6% |
Data source
Data from OECD. Last updated: 19/12/2025.