(TR inflation YoY - US inflation YoY) vs. USDTRY YoY growthCrude check to see whether (TR inflation YoY - US inflation YoY) has close correlation with USDTRY YoY growth
Key data points
Last release
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Observation period
Aug 2024
Next release
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Forecast
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Highest
138.71% on May 31, 1980
Lowest
−4.01% on Jun 30, 1968
About Turkey inflation rate YoY
In Turkey, the most important categories in the Consumer Price Index are Food & Non-alcoholic Beverages (25% of the total weight); Transportation (17%); Housing, Water, Electricity, Gas & Other Fuels (14%). Others include: Furnishings, Household Equipment & Routine Maintenance (9%); Hotels, Cafes & Restaurants (7%); Clothing & Footwear (6%); and Miscellaneous Goods & Services (5%). The index also includes: Alcoholic Beverages & Tobacco (4%), Communications (4%) and Education (2%).
Dealing with Inflation the Turkish WayInflation is running hot in Turkey at 21% YoY & soon to surpass the 2019 high of 25%. And yesterday the central bank, or dare we say President Erdogan, cut the weekly repo rate by 100 bp to 14%. His theory is that lower rates will tame inflation. And the Turkish Lira promptly hit an all-time low
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Frequently Asked Questions
The highest figure Turkey inflation rate YoY has ever reached is 138.71%.
The lowest ever Turkey inflation rate YoY is −4.01%.
Last month Turkey inflation rate YoY was 51.97%, and the month before that it amounted to 61.78%.