**Result:**
₺100
in 1961 →
₺530,942,096.29
in 2021

₺100 in 1961 is equivalent in purchasing power to about ₺530,942,096.29 today, an increase of ₺530,941,996.29 over 60 years. The lira had an average inflation rate of 29.44% per year between 1961 and today, producing a cumulative price increase of 530,941,996.29%.

This means that today's prices are 5,309,420.96 times higher than average prices since 1961, according to the World Bank consumer price index for Turkey. A lira today only buys 0.00% of what it could buy back then.

The 1961 inflation rate was 3.17%. The current year-over-year inflation rate (2020 to 2021) is now 12.28%^{1}.
If this number holds, ₺100 today will be equivalent in buying power to ₺112.28 next year.

⌃

Cumulative price change | 530,941,996.29% |

Average inflation rate | 29.44% |

Converted amount (₺100 base) | ₺530,942,096.29 |

Price difference (₺100 base) | ₺530,941,996.29 |

CPI in 1961 | 0.000 |

CPI in 2021 | 295.545 |

Inflation in 1961 | 3.17% |

Inflation in 2021 | 12.28% |

₺100 in 1961 | ₺530,942,096.29 in 2021 |

This chart shows a calculation of buying power equivalence for ₺100 in 1961 (price index tracking began in 1960).

For example, if you started with ₺100, you would need to end with ₺530,942,096.29 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₺100 is equivalent to ₺530,942,096.29 over time, that means that the "real value" of a single Turkish lira decreases over time. In other words, a lira will pay for fewer items at the store.

This effect explains how inflation erodes the value of a lira over time. By calculating the value in 1961 dollars, the chart below shows how ₺100 is worth less over 60 years.

According to the World Bank, each of these TRY amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1961 amounts in today's lira, based on the 530,941,996.29% change in prices:

Initial value | Equivalent value |
---|---|

₺1 lira in 1961 | ₺5,309,420.96 lira today |

₺5 lira in 1961 | ₺26,547,104.81 lira today |

₺10 lira in 1961 | ₺53,094,209.63 lira today |

₺50 lira in 1961 | ₺265,471,048.15 lira today |

₺100 lira in 1961 | ₺530,942,096.29 lira today |

₺500 lira in 1961 | ₺2,654,710,481.46 lira today |

₺1,000 lira in 1961 | ₺5,309,420,962.92 lira today |

₺5,000 lira in 1961 | ₺26,547,104,814.61 lira today |

₺10,000 lira in 1961 | ₺53,094,209,629.22 lira today |

₺50,000 lira in 1961 | ₺265,471,048,146.11 lira today |

₺100,000 lira in 1961 | ₺530,942,096,292.23 lira today |

₺500,000 lira in 1961 | ₺2,654,710,481,461.13 lira today |

₺1,000,000 lira in 1961 | ₺5,309,420,962,922.26 lira today |

Our calculations use the following inflation rate formula to calculate the change in value between 1961 and today:

CPI today
CPI in 1961

×

1961 TRY value

=

Today's value

Then plug in historical CPI values. The Turkish CPI was 0.0000556642 in the year 1961 and 295.5446703642971 in 2021:

295.54467036429710.0000556642

×

₺100

=

₺100 in 1961 has the same "purchasing power" or "buying power" as ₺530,942,096.29 in 2021.

To get the total inflation rate for the 60 years between 1961 and 2021, we use the following formula:

CPI in 2021 - CPI in 1961CPI in 1961

×

100

=

Plugging in the values to this equation, we get:

295.5446703642971 - 0.00005566420.0000556642

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
- Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

You may use the following MLA citation for this page: “Turkey Inflation Calculator: World Bank data, 1961-2021 (TRY).” Official Inflation Data, Alioth Finance, 27 Jul. 2021, https://www.officialdata.org/turkey/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | 530,941,996.29% |

Average inflation rate | 29.44% |

Converted amount (₺100 base) | ₺530,942,096.29 |

Price difference (₺100 base) | ₺530,941,996.29 |

CPI in 1961 | 0.000 |

CPI in 2021 | 295.545 |

Inflation in 1961 | 3.17% |

Inflation in 2021 | 12.28% |

₺100 in 1961 | ₺530,942,096.29 in 2021 |