Inflation Turkey 2008
Average inflation: 10.4%
Current Inflation
Inflation is very high at 10.4%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 12.1%. The lowest inflation was in January at 8.2%.
- Highest month
- July: 12.1%
- Lowest month
- January: 8.2%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 19.5%. The lowest price increase was in Health with an average of 0.4%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 19.5%
- Lowest increase
- Health: 0.4%
Historical Context
Current inflation is 1.3% higher than the 5-year average of 9.1%.
- 5-year average
- 9.1%
- 10-year average
- 28.9%
- All-time high (1994)
- 103.2%
- All-time low (2005)
- 8.2%
Trend
Inflation has remained relatively stable. Compared to 2007, the difference is minimal (+1.6 percentage point).
- Change vs. previous year
- +1.6 percentage points
- Largest monthly swing
- July: +5.2 percentage points
ECB Target
Inflation is 8.4% 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 €110.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 8.2% | -1.7 |
| February | 9.1% | -1.1 |
| March | 9.2% | -1.7 |
| April | 9.7% | -1.0 |
| May | 10.7% | +1.5 |
| June | 10.6% | +2.0 |
| July | 12.1% | +5.2 |
| August | 11.8% | +4.4 |
| September | 11.1% | +4.0 |
| October | 12.0% | +4.3 |
| November | 10.8% | +2.4 |
| December | 10.1% | +1.7 |
| Average | 10.4% |
Data source
Data from OECD. Last updated: 11/01/2026.