Inflation Turkey 1994
Average inflation: 103.2%
Inflation in 1994
Inflation is very high at 103.2%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 120.3%. The lowest inflation was in January at 69.6%.
- Highest month
- December: 120.3%
- Lowest month
- January: 69.6%
- Difference
- 50.7 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 30.1 percentage points higher than the 5-year average of 73.1%. This approaches the highest level since records began (103.2% in 1994).
- 5-year average
- 73.1%
- 10-year average
- 61.6%
- All-time high (1994)
- 103.2%
- All-time low (1976)
- 17.4%
Trend
Over the period 1992-1994, inflation shows an upward trend. Compared to 1993, inflation has risen by 37.6 percentage points.
- Change vs. previous year
- +37.6 percentage points
- Largest monthly swing
- May: +49.5 percentage points
ECB Target
Inflation is 101.2 percentage points 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 TRY 100 this year will cost approximately TRY 203.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1994
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1993 |
|---|---|---|
| January | 69.6% | +9.8 |
| February | 73.8% | +15.6 |
| March | 75.5% | +17.5 |
| April | 107.5% | +48.5 |
| May | 114.5% | +49.5 |
| June | 114.7% | +47.5 |
| July | 111.1% | +38.0 |
| August | 111.5% | +40.3 |
| September | 112.7% | +44.5 |
| October | 113.4% | +46.2 |
| November | 113.4% | +43.8 |
| December | 120.3% | +49.2 |
| Average | 103.2% |
Data source
Data from OECD. Last updated: 19/12/2025.