Inflation Turkey 2017
Average inflation: 11.1%
Current Inflation
Inflation is very high at 11.1%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 13.0%. The lowest inflation was in January at 9.2%.
- Highest month
- November: 13.0%
- Lowest month
- January: 9.2%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 16.8%. The lowest price increase was in Communication with an average of 2.8%.
- Highest increase
- Transport: 16.8%
- Lowest increase
- Communication: 2.8%
Historical Context
Current inflation is 2.5% higher than the 5-year average of 8.6%.
- 5-year average
- 8.6%
- 10-year average
- 8.4%
- All-time high (1998)
- 86.7%
- All-time low (2009)
- 6.3%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +3.3 percentage point.
- Change vs. previous year
- +3.3 percentage points
- Largest monthly swing
- November: +6.0 percentage points
ECB Target
Inflation is 9.1% 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 €111.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 9.2% | -0.4 |
| February | 10.1% | +1.3 |
| March | 11.3% | +3.8 |
| April | 11.9% | +5.3 |
| May | 11.7% | +5.1 |
| June | 10.9% | +3.3 |
| July | 9.8% | +1.0 |
| August | 10.7% | +2.7 |
| September | 11.2% | +3.9 |
| October | 11.9% | +4.7 |
| November | 13.0% | +6.0 |
| December | 11.9% | +3.4 |
| Average | 11.1% |
Data source
Data from OECD. Last updated: 11/01/2026.