Inflation Turkey 1998
Average inflation: 86.7%
Current Inflation
Inflation is very high at 86.7%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 101.6%. The lowest inflation was in December at 69.7%.
- Highest month
- January: 101.6%
- Lowest month
- December: 69.7%
- Difference
- 31.9 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 87.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of 87.9%.
- Highest increase
- Food and non-alcoholic beverages: 87.9%
- Lowest increase
- Food and non-alcoholic beverages: 87.9%
Historical Context
Current inflation is 2.7% lower than the 5-year average of 89.4%.
- 5-year average
- 89.4%
- 10-year average
- 77.3%
- All-time high (1994)
- 103.2%
- All-time low (1982)
- 29.3%
Trend
Inflation shows an upward trend. Compared to 1997, inflation has risen by +2.2 percentage point.
- Change vs. previous year
- +2.2 percentage points
- Largest monthly swing
- December: -29.4 percentage points
ECB Target
Inflation is 84.7% 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 €186.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 101.6% | +25.9 |
| February | 99.3% | +21.6 |
| March | 97.2% | +19.9 |
| April | 93.6% | +16.4 |
| May | 91.4% | +13.9 |
| June | 90.6% | +12.6 |
| July | 85.3% | +0.1 |
| August | 81.4% | -5.6 |
| September | 80.4% | -9.5 |
| October | 76.6% | -16.6 |
| November | 72.8% | -23.0 |
| December | 69.7% | -29.4 |
| Average | 86.7% |
Data source
Data from OECD. Last updated: 19/12/2025.