Inflation Turkey 2018
Average inflation: 16.2%
Current Inflation
Inflation is very high at 16.2%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 25.2%. The lowest inflation was in March at 10.2%.
- Highest month
- October: 25.2%
- Lowest month
- March: 10.2%
- Difference
- 15.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Furnishings, household equipment and maintenance with an average of 23.4%. The lowest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 1.5%.
- Highest increase
- Furnishings, household equipment and maintenance: 23.4%
- Lowest increase
- Alcoholic beverages, tobacco and narcotics: 1.5%
Historical Context
Current inflation is 5.9% higher than the 5-year average of 10.3%.
- 5-year average
- 10.3%
- 10-year average
- 8.9%
- All-time high (1999)
- 64.8%
- All-time low (2009)
- 6.3%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by +5.1 percentage point.
- Change vs. previous year
- +5.1 percentage points
- Largest monthly swing
- September: +13.3 percentage points
ECB Target
Inflation is 14.2% 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 €116.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 10.3% | +1.1 |
| February | 10.3% | +0.2 |
| March | 10.2% | -1.1 |
| April | 10.8% | -1.1 |
| May | 12.1% | +0.4 |
| June | 15.4% | +4.5 |
| July | 15.8% | +6.0 |
| August | 17.9% | +7.2 |
| September | 24.5% | +13.3 |
| October | 25.2% | +13.3 |
| November | 21.6% | +8.6 |
| December | 20.3% | +8.4 |
| Average | 16.2% |
Data source
Data from OECD. Last updated: 13/01/2026.