Turkey - Gross domestic product deflator inflation

68.2 (%) in 2023

Inflation rate (GDP deflator) of Turkey plummeted by 28.95% from 96.0 % in 2022 to 68.2 % in 2023. Since the 95.90% surge in 2021, inflation rate (GDP deflator) rocketed by 135.51% in 2023.

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What is inflation rate (GDP deflator)?

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

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What is Turkey inflation rate (GDP deflator)?

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