Inflation Turkey 2016
Average inflation: 7.8%
Current Inflation
Inflation is very high at 7.8%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 9.6%. The lowest inflation was in April at 6.6%.
- Highest month
- January: 9.6%
- Lowest month
- April: 6.6%
- Difference
- 3.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 18.1%. The lowest price increase was in Communication with an average of 2.8%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 18.1%
- Lowest increase
- Communication: 2.8%
Historical Context
Current inflation is around the 5-year average of 8.1%.
- 5-year average
- 8.1%
- 10-year average
- 8.1%
- All-time high (1998)
- 86.7%
- All-time low (2009)
- 6.3%
Trend
Inflation shows a downward trend. Compared to 2015, inflation has fallen by +0.2 percentage point.
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- January: +2.4 percentage points
ECB Target
Inflation is 5.8% 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 €107.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 9.6% | +2.4 |
| February | 8.8% | +1.3 |
| March | 7.5% | -0.1 |
| April | 6.6% | -1.3 |
| May | 6.6% | -1.5 |
| June | 7.6% | +0.4 |
| July | 8.8% | +2.0 |
| August | 8.0% | +0.9 |
| September | 7.3% | -0.6 |
| October | 7.2% | -0.4 |
| November | 7.0% | -1.1 |
| December | 8.5% | -0.3 |
| Average | 7.8% |
Data source
Data from OECD. Last updated: 11/01/2026.