Inflation Turkey 2007
Average inflation: 8.8%
Inflation in 2007
Inflation is very high at 8.8%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 10.9%. The lowest inflation was in July at 6.9%.
- Highest month
- March: 10.9%
- Lowest month
- July: 6.9%
- Difference
- 4.0 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 12.4%. The lowest price increase was in Communication with an average of -0.8%.
- Highest increase
- Food and non-alcoholic beverages: 12.4%
- Lowest increase
- Communication: -0.8%
Historical Context
Inflation is 2.6 percentage points lower than the 5-year average of 11.4%. This approaches the lowest level since records began (8.2% in 2005).
- 5-year average
- 11.4%
- 10-year average
- 36.6%
- All-time high (1994)
- 103.2%
- All-time low (2005)
- 8.2%
Trend
Over the period 2005-2007, inflation has remained relatively stable. Compared to 2006, inflation has fallen by 0.8 percentage points.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- July: -4.8 percentage points
ECB Target
Inflation is 6.8 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 108.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 9.9% | +2.0 |
| February | 10.2% | +2.1 |
| March | 10.9% | +2.7 |
| April | 10.7% | +1.9 |
| May | 9.2% | -0.7 |
| June | 8.6% | -1.5 |
| July | 6.9% | -4.8 |
| August | 7.4% | -2.9 |
| September | 7.1% | -3.4 |
| October | 7.7% | -2.3 |
| November | 8.4% | -1.5 |
| December | 8.4% | -1.3 |
| Average | 8.8% |
Data source
Data from OECD. Last updated: 13/01/2026.