Inflation Turkey 2014
Average inflation: 8.9%
Current Inflation
Inflation is very high at 8.9%, far above the ECB target.
Peak and Trough
The highest inflation was in May at 9.7%. The lowest inflation was in January at 7.8%.
- Highest month
- May: 9.7%
- Lowest month
- January: 7.8%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 13.2%. The lowest price increase was in Communication with an average of 1.0%.
- Highest increase
- Restaurants and hotels: 13.2%
- Lowest increase
- Communication: 1.0%
Historical Context
Current inflation is 0.8% higher than the 5-year average of 8.1%.
- 5-year average
- 8.1%
- 10-year average
- 8.4%
- All-time high (1995)
- 92.4%
- All-time low (2009)
- 6.3%
Trend
Inflation has remained relatively stable. Compared to 2013, the difference is minimal (+1.4 percentage point).
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- April: +3.3 percentage points
ECB Target
Inflation is 6.9% 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 €108.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 7.8% | +0.5 |
| February | 7.9% | +0.9 |
| March | 8.4% | +1.1 |
| April | 9.4% | +3.3 |
| May | 9.7% | +3.2 |
| June | 9.2% | +0.9 |
| July | 9.3% | +0.4 |
| August | 9.5% | +1.3 |
| September | 8.9% | +1.0 |
| October | 9.0% | +1.3 |
| November | 9.2% | +1.9 |
| December | 8.2% | +0.8 |
| Average | 8.9% |
Data source
Data from OECD. Last updated: 11/01/2026.