Inflation Turkey 1989
Average inflation: 63.1%
Current Inflation
Inflation is very high at 63.1%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 66.1%. The lowest inflation was in May at 59.6%.
- Highest month
- October: 66.1%
- Lowest month
- May: 59.6%
- Difference
- 6.5 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 68.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of 68.9%.
- Highest increase
- Food and non-alcoholic beverages: 68.9%
- Lowest increase
- Food and non-alcoholic beverages: 68.9%
Historical Context
Current inflation is 13.0% higher than the 5-year average of 50.1%.
- 5-year average
- 50.1%
- 10-year average
- 49.5%
- All-time high (1980)
- 97.1%
- All-time low (1970)
- 7.9%
Trend
Inflation shows an upward trend. Compared to 1988, inflation has risen by -5.5 percentage point.
- Change vs. previous year
- -5.5 percentage points
- Largest monthly swing
- November: -10.8 percentage points
ECB Target
Inflation is 61.1% 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 €163.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1989
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1988 |
|---|---|---|
| January | 62.5% | +2.9 |
| February | 64.1% | +2.9 |
| March | 60.2% | -3.8 |
| April | 60.2% | -10.5 |
| May | 59.6% | -8.7 |
| June | 61.5% | -8.5 |
| July | 63.8% | -5.7 |
| August | 65.6% | -5.0 |
| September | 65.1% | -10.4 |
| October | 66.1% | -10.7 |
| November | 64.5% | -10.8 |
| December | 64.3% | +2.7 |
| Average | 63.1% |
Data source
Data from OECD. Last updated: 19/12/2025.