What was the monthly inflation rate in February 2022?

In February 2022, the monthly inflation rate was 4.81. The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values.

What is the inflation rate in Turkey in 2022?

The annual inflation rate in Turkey accelerated for the 8th consecutive month to 48.69% in January of 2022, the highest rate since April of 2002 and above market forecasts of 46.68%. It compares with a much lower rate of 14.91% a year earlier, as the lira remains weak.

What is happening to consumer prices in Turkey?

It compares with a much lower rate of 14.91% a year earlier, as the lira remains weak. Transportation prices recorded the biggest increase (68.9%), followed by food and non-alcoholic beverages (55.6%) and furnishings and household equipment (54.53%). On a monthly basis, consumer prices surged 11.1%. source: Turkish Statistical Institute



What was the monthly inflation rate in February 2022?

In February 2022, the monthly inflation rate was 4.81. The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values.

What is happening to consumer prices in Turkey?

It compares with a much lower rate of 14.91% a year earlier, as the lira remains weak. Transportation prices recorded the biggest increase (68.9%), followed by food and non-alcoholic beverages (55.6%) and furnishings and household equipment (54.53%). On a monthly basis, consumer prices surged 11.1%. source: Turkish Statistical Institute

What is the current inflation rate in Turkey?

The current inflation rate in Turkey is 54.44%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in February 2022. In February 2022, the monthly inflation rate was 4.81.

Which formula is generally used to calculate Turkey’s inflation rate?

The Laspeyres formula is generally used. Turkey inflation rate for 2020 was 12.28%, a 2.9% decline from 2019. Turkey inflation rate for 2019 was 15.18%, a 1.16% decline from 2018. Turkey inflation rate for 2018 was 16.33%, a 5.19% increase from 2017. Turkey inflation rate for 2017 was 11.14%, a 3.37% increase from 2016.



What was the monthly inflation rate in February 2022?

In February 2022, the monthly inflation rate was 4.81. The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values.

What is the inflation rate in Turkey?

Inflation as measured by the consumer price index 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. The Laspeyres formula is generally used. Turkey inflation rate for 2020 was 12.28%, a 2.9% decline from 2019.

What is happening to consumer prices in Turkey?

It compares with a much lower rate of 14.91% a year earlier, as the lira remains weak. Transportation prices recorded the biggest increase (68.9%), followed by food and non-alcoholic beverages (55.6%) and furnishings and household equipment (54.53%). On a monthly basis, consumer prices surged 11.1%. source: Turkish Statistical Institute

How big is Turkey’s economy?

With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the largest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide.