Europe & Central Asia
Turkiye Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
58.5%
As of 2024
YoY Change
+8.6%
2023 → 2024
Record High
105.2%
Recorded in 1994
Record Low
1.1%
Recorded in 1964
10-Year Average
27.5%
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
Analysis
Turkiye's inflation rate of 58.51% in 2024 is one of the highest in the world, driven by a combination of factors including monetary policy, currency fluctuations, and global economic trends. This high inflation environment presents significant challenges for the country's economy, including decreased purchasing power and potential instability in financial markets. The Turkish government faces a difficult task in managing inflation while promoting economic growth.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 58.5% | 4.6% | +8.6% |
| 2023 | 53.9% | 18.4% | -25.5% |
| 2022 | 72.3% | 52.7% | +269.0% |
| 2021 | 19.6% | 7.3% | +59.6% |
| 2020 | 12.3% | 2.9% | -19.1% |
| 2019 | 15.2% | 1.2% | -7.1% |
| 2018 | 16.3% | 5.2% | +46.6% |
| 2017 | 11.1% | 3.4% | +43.3% |
| 2016 | 7.8% | 0.1% | +1.4% |
| 2015 | 7.7% | 1.2% | -13.4% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
Europe & Central Asia · Inflation
Similar Rankings
Global · Inflation
