Inflation Turkey 2022
Average inflation: 72.0%
Current Inflation
Inflation is very high at 72.0%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 85.5%. The lowest inflation was in January at 48.7%.
- Highest month
- October: 85.5%
- Lowest month
- January: 48.7%
- Difference
- 36.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 101.1%. The lowest price increase was in Communication with an average of 23.8%.
- Highest increase
- Transport: 101.1%
- Lowest increase
- Communication: 23.8%
Historical Context
Current inflation is 44.9% higher than the 5-year average of 27.1%. This approaches the highest level since records began (72.0% in 2022).
- 5-year average
- 27.1%
- 10-year average
- 17.8%
- All-time high (2022)
- 72%
- All-time low (2009)
- 6.3%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +52.6 percentage point.
- Change vs. previous year
- +52.6 percentage points
- Largest monthly swing
- October: +65.6 percentage points
ECB Target
Inflation is 70.0% 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 €172.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 48.7% | +33.7 |
| February | 54.4% | +38.8 |
| March | 61.1% | +44.9 |
| April | 70.0% | +52.9 |
| May | 73.5% | +56.9 |
| June | 78.6% | +61.1 |
| July | 79.6% | +60.6 |
| August | 80.2% | +60.9 |
| September | 83.5% | +63.9 |
| October | 85.5% | +65.6 |
| November | 84.4% | +63.1 |
| December | 64.3% | +28.2 |
| Average | 72.0% |
Data source
Data from OECD. Last updated: 11/01/2026.