Turkey's inflation was extraordinarily high during the 1990s, peaking at 104.5% in 1994 due to fiscal mismanagement and a currency crisis. Stabilization measures reduced inflation to single digits by 2004, but inflation surged again in the late 2010s, reaching 72.3% in 2022 amid currency depreciation and geopolitical tensions.
Projections show inflation declining to 18.6% by 2028, reflecting gradual stabilization efforts, though persistent vulnerabilities remain due to external debt and currency pressures.
Projections show inflation declining to 18.6% by 2028, reflecting gradual stabilization efforts, though persistent vulnerabilities remain due to external debt and currency pressures.
For a deeper dive into the topic, explore Turkey’s manufacturing sector share in GDP, Turkey’s population overview, Turkey’s industry sector GDP share.
