Inflation Turkey 2020
Average inflation: 12.3%
Current Inflation
Inflation is very high at 12.3%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 14.6%. The lowest inflation was in April at 10.9%.
- Highest month
- December: 14.6%
- Lowest month
- April: 10.9%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Miscellaneous goods and services with an average of 22.4%. The lowest price increase was in Communication with an average of 4.3%.
- Highest increase
- Miscellaneous goods and services: 22.4%
- Lowest increase
- Communication: 4.3%
Historical Context
Current inflation is around the 5-year average of 12.6%.
- 5-year average
- 12.6%
- 10-year average
- 10.2%
- All-time high (2001)
- 53.5%
- All-time low (2009)
- 6.3%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +3.2 percentage point.
- Change vs. previous year
- -3.2 percentage points
- Largest monthly swing
- April: -8.6 percentage points
ECB Target
Inflation is 10.3% 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 €112.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 12.2% | -8.2 |
| February | 12.4% | -7.3 |
| March | 11.9% | -7.8 |
| April | 10.9% | -8.6 |
| May | 11.4% | -7.3 |
| June | 12.6% | -3.1 |
| July | 11.8% | -4.8 |
| August | 11.8% | -3.2 |
| September | 11.7% | +2.4 |
| October | 11.9% | +3.3 |
| November | 14.0% | +3.4 |
| December | 14.6% | +2.8 |
| Average | 12.3% |
Data source
Data from OECD. Last updated: 11/01/2026.