Turkey: inflation

 

 

The graph shows inflation (consumer prices) between 1961 and 2010. As illustrated, the highest inflation rate occurred in 1980 and the lowest in 1968.

From 1965 until 2010, the average inflation rate in Turkey was just under 39.8 per cent. Inflation reached a historical high of 138.71 per cent in May 1980 and a record low of -4.01 per cent in June 1968. In 2005, the Turkish Lira was replaced by the New Turkish Lira, at an exchange rate of 1,000,000:1. The "New" was dropped from the name of the replacement in 2009.

Inflation in Turkey now stands at 8.57 per cent.