Inflation Turkey 2002
Average inflation: 47.2%
Current Inflation
Inflation is very high at 47.2%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 73.2%. The lowest inflation was in December at 29.7%.
- Highest month
- January: 73.2%
- Lowest month
- December: 29.7%
- Difference
- 43.5 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 53.1%. The lowest price increase was in Food and non-alcoholic beverages with an average of 53.1%.
- Highest increase
- Food and non-alcoholic beverages: 53.1%
- Lowest increase
- Food and non-alcoholic beverages: 53.1%
Historical Context
Current inflation is 14.5% lower than the 5-year average of 61.7%.
- 5-year average
- 61.7%
- 10-year average
- 73.5%
- All-time high (1994)
- 103.2%
- All-time low (1983)
- 31.2%
Trend
Inflation shows a downward trend. Compared to 2001, inflation has fallen by +6.3 percentage point.
- Change vs. previous year
- -6.3 percentage points
- Largest monthly swing
- February: +39.7 percentage points
ECB Target
Inflation is 45.2% 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 €147.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 73.2% | +37.3 |
| February | 73.1% | +39.7 |
| March | 65.1% | +27.6 |
| April | 52.7% | +4.4 |
| May | 46.2% | -6.2 |
| June | 42.6% | -13.5 |
| July | 41.3% | -15.0 |
| August | 40.2% | -17.3 |
| September | 37.0% | -24.8 |
| October | 33.4% | -33.1 |
| November | 31.8% | -35.5 |
| December | 29.7% | -38.8 |
| Average | 47.2% |
Data source
Data from OECD. Last updated: 19/12/2025.