Inflation, CPI (Average) rose to 16.7% in Turkey in 2019

Inflation, CPI (Average) (%)
Economy | Turkey | January 01, 2020
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Average inflation measured by CPI reached 16.7 % in 2019 in Turkey, according to the National Statistical Office. This is 11.3 % more than in the previous year.

Historically, average inflation measured by CPI in Turkey reached an all time high of 16.7 % in 2019 and an all time low of 0.011 % in 1964. When compared to Turkey's main peers, average inflation measured by CPI in Bulgaria amounted to 2.30 %, 1.20 % in Greece, 2.00 % in Iraq and 34.1 % in Iran in 2019.

Turkey has been ranked 9th within the group of 174 countries we follow in terms of average inflation measured by CPI, 42 places above the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.

Inflation, CPI (Average) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Albania % 0.020% 2.29% 2.85% 2.97% 3.00%
Bulgaria % 0.021% 2.62% 2.30% 2.30% 2.30%
Greece % 0.011% 0.714% 1.20% 1.51% 1.74%
Iran % 0.100% 29.6% 34.1% 24.2% 17.5%
Iraq % 0.002% 2.00% 2.00% 2.00% 2.00%
Kuwait % 0.022% 0.800% 3.00% 3.60% 3.20%
Macedonia % 0.013% 1.81% 2.05% 2.01% 1.96%
Pakistan % 0.041% 3.93% 7.48% 6.47% 5.00%
Romania % 0.013% 4.66% 2.69% 2.76% 2.61%
Saudi Arabia % -0.008% 2.60% 2.02% 2.25% 2.17%
Serbia % 0.031% 2.08% 2.35% 2.96% 3.00%
Syria % ... ... ... ... ... ... ... ...
Turkey % 0.111% 15.0% 16.7% 14.2% 13.4%
Turkmenistan % 8.04% 9.45% 8.24% 6.00% 6.00%