Inflation in Turkey
In the year to August 2026, consumer prices in Turkey rose 31.5%, down from 31.8% a month earlier. Since January 1955 prices have risen 9,011,888,890%, which means ₺100 then buys what ₺9,011,888,990 buys now, so the same basket of goods costs 90,118,890 times what it did.
Cumulative & Yearly Inflation
Inflation in Turkey by year
Inflation is the change in that year's average prices against the year before, which is the figure usually quoted. The last two columns take ₺100 in January of that year and show what it is worth in August 2026, the most recent month on record. Only years measured in full are listed, so the year now running appears once it ends.
| Year | Inflation | ₺100 is now | Cumulative inflation |
|---|---|---|---|
| 1960 | 5.7% | 4,389,410,950 | 4,389,410,850% |
| 1980 | 94.3% | 184,010,316 | 184,010,216% |
| 2000 | 54.9% | 13,463 | 13,363% |
| 2020 | 12.3% | 960.78 | 860.8% |
| 2025 | 34.9% | 152.13 | 52.1% |
Every year from 1956 to 2025
| Year | Inflation | ₺100 is now | Cumulative inflation |
|---|---|---|---|
| 1956 | 14.5% | 7,656,715,490 | 7,656,715,390% |
| 1957 | 11.6% | 7,273,879,500 | 7,273,879,400% |
| 1958 | 12.4% | 6,486,261,150 | 6,486,261,050% |
| 1959 | 26.6% | 5,117,303,010 | 5,117,302,910% |
| 1960 | 5.7% | 4,389,410,950 | 4,389,410,850% |
| 1961 | 3.2% | 4,466,418,010 | 4,466,417,910% |
| 1962 | 3.9% | 4,243,096,190 | 4,243,096,090% |
| 1963 | 6.4% | 3,993,502,520 | 3,993,502,420% |
| 1964 | 1.1% | 3,828,357,740 | 3,828,357,640% |
| 1965 | 4.6% | 3,785,662,130 | 3,785,662,030% |
| 1966 | 8.5% | 3,499,460,990 | 3,499,460,890% |
| 1967 | 14.0% | 3,123,752,530 | 3,123,752,430% |
| 1968 | 6.0% | 2,868,572,750 | 2,868,572,650% |
| 1969 | 4.9% | 2,733,033,440 | 2,733,033,340% |
| 1970 | 7.9% | 2,566,517,560 | 2,566,517,460% |
| 1971 | 19.0% | 2,341,656,650 | 2,341,656,550% |
| 1972 | 15.4% | 1,920,436,770 | 1,920,436,670% |
| 1973 | 13.9% | 1,711,011,820 | 1,711,011,720% |
| 1974 | 23.9% | 1,429,524,700 | 1,429,524,600% |
| 1975 | 21.2% | 1,147,938,870 | 1,147,938,770% |
| 1976 | 17.5% | 961,886,452 | 961,886,352% |
| 1977 | 26.0% | 829,326,207 | 829,326,107% |
| 1978 | 61.9% | 546,992,435 | 546,992,335% |
| 1979 | 63.5% | 361,009,960 | 361,009,860% |
| 1980 | 94.3% | 184,010,316 | 184,010,216% |
| 1981 | 37.6% | 112,055,510 | 112,055,410% |
| 1982 | 29.1% | 86,092,224 | 86,092,124% |
| 1983 | 31.4% | 66,801,542 | 66,801,442% |
| 1984 | 48.4% | 49,095,978 | 49,095,878% |
| 1985 | 45.0% | 32,138,228 | 32,138,128% |
| 1986 | 34.6% | 22,801,156 | 22,801,056% |
| 1987 | 38.9% | 17,493,048 | 17,492,948% |
| 1988 | 68.8% | 10,958,207 | 10,958,107% |
| 1989 | 63.3% | 6,743,512 | 6,743,412% |
| 1990 | 60.3% | 4,213,763 | 4,213,663% |
| 1991 | 66.0% | 2,601,266 | 2,601,166% |
| 1992 | 70.1% | 1,457,325 | 1,457,225% |
| 1993 | 66.1% | 912,146 | 912,046% |
| 1994 | 105.2% | 537,674 | 537,574% |
| 1995 | 89.1% | 238,023 | 237,923% |
| 1996 | 80.4% | 133,642 | 133,542% |
| 1997 | 85.7% | 76,053 | 75,953% |
| 1998 | 84.6% | 37,720 | 37,620% |
| 1999 | 64.9% | 22,737 | 22,637% |
| 2000 | 54.9% | 13,463 | 13,363% |
| 2001 | 54.4% | 9,905.46 | 9,805.5% |
| 2002 | 45.0% | 5,720.51 | 5,620.5% |
| 2003 | 21.6% | 4,526.29 | 4,426.3% |
| 2004 | 8.6% | 4,092.71 | 3,992.7% |
| 2005 | 8.2% | 3,746.67 | 3,646.7% |
| 2006 | 9.6% | 3,471.23 | 3,371.2% |
| 2007 | 8.8% | 3,157.69 | 3,057.7% |
| 2008 | 10.4% | 2,919.15 | 2,819.2% |
| 2009 | 6.3% | 2,665.88 | 2,565.9% |
| 2010 | 8.6% | 2,464.18 | 2,364.2% |
| 2011 | 6.5% | 2,349.07 | 2,249.1% |
| 2012 | 8.9% | 2,123.68 | 2,023.7% |
| 2013 | 7.5% | 1,979.05 | 1,879.1% |
| 2014 | 8.9% | 1,836.69 | 1,736.7% |
| 2015 | 7.7% | 1,712.68 | 1,612.7% |
| 2016 | 7.8% | 1,562.97 | 1,463.0% |
| 2017 | 11.1% | 1,431.04 | 1,331.0% |
| 2018 | 16.3% | 1,296.87 | 1,196.9% |
| 2019 | 15.2% | 1,077.55 | 977.5% |
| 2020 | 12.3% | 960.78 | 860.8% |
| 2021 | 19.6% | 835.65 | 735.7% |
| 2022 | 72.3% | 562.01 | 462.0% |
| 2023 | 53.9% | 356.42 | 256.4% |
| 2024 | 58.5% | 216.20 | 116.2% |
| 2025 | 34.9% | 152.13 | 52.1% |
A short history of inflation in Turkey
Chronic Inflation (1970s to 2001)
Turkish inflation was chronic for three decades rather than a single episode. It held above 50% for most of the 1990s and peaked at 125.9% in the year to January 1995, following a currency crisis the previous April. The causes were fiscal: persistent government deficits financed through the central bank, a fragile banking system, and frequent changes of government, which together made any promise to bring inflation down difficult to believe. Sustained at that level it becomes structural, with contracts indexed to it and savings held in somebody else's currency.
Stabilisation (2001 to 2005)
It was brought down after the banking collapse of 2001, under a programme combining fiscal consolidation with a newly independent central bank. On 1 January 2005 six zeros were struck from the lira, so that a million old lira became one new one; the currency was called the New Turkish Lira until the end of 2008 and then reverted to its old name. Inflation was in single figures by the middle of that decade and stayed there for more than ten years.
Post-Covid Inflation (2021 to 2023)
In Turkey, prices rose fastest in October 2022, at 85.5%. It met the same shocks as everyone else, the tangled supply chains of the lockdowns and then the energy and food prices that followed Russia's invasion of Ukraine, but they were the smaller part of its story. Through 2021 the central bank had been cutting interest rates while inflation was already rising, and the lira fell heavily against the dollar; an economy importing most of its energy pays for a falling currency in its shop prices. The global shock arrived on top of a domestic one well under way, which is why Turkish inflation went so much further than its neighbours' and stayed high for longer. In June 2022, with prices rising 78.6% a year and a presidential election a year off, Erdoğan's government asked that other languages call the country Türkiye, and the United Nations agreed.
The major inflation events sets out the episodes behind most of the world's inflation.
Common questions about inflation in Turkey
What is the current inflation rate in Turkey?
Prices in Turkey rose 31.5% in the year to August 2026. That is down from 31.8% a month earlier.
What would ₺100 in January 1955 be worth today?
₺100.00 in January 1955 has the same buying power as ₺9,011,888,990 in August 2026, a rise of 9,011,888,890%.
What would ₺100 in January 1970 be worth today?
₺100.00 in January 1970 has the same buying power as ₺2,566,517,560 in August 2026, a rise of 2,566,517,460%.
What would ₺100 in January 2000 be worth today?
₺100.00 in January 2000 has the same buying power as ₺13,463 in August 2026, a rise of 13,363%.
What would ₺100 in January 2020 be worth today?
₺100.00 in January 2020 has the same buying power as ₺960.78 in August 2026, a rise of 860.8%.
What is Turkey's inflation target?
Turkey targets 5%. The latest reading of 31.5% is running 26.5 points above it.
How inflation in Turkey is measured
The figures on this page come from the IMF's CPI dataset, with the original data from Türkiye's TurkStat (TÜİK). The series is indexed so that a chosen base year equals 100, and the calculator works out the ratio between any two dates you pick.
The currency shown is the Turkish lira (₺). Coverage runs from January 1955 to August 2026, and updates automatically as each new release is published. Figures for the most recent periods can be revised by the statistics office after first publication.
Use this data
Click the reference to select it.
Compare Inflation. “Inflation in Turkey.” Figures for August 2026. https://compareinflation.com/inflation-in-turkey/
Download the full series (CSV) — 860 months, January 1955 to August 2026, with the annual rate for each.