Turkey Inflation Calculator

Result: ₺100 in 1961 → ₺485,082,388.08 in 2020


Why a lira today is worth only 0.0% of a lira in 1961

Updated: September 11, 2020

According to the World Bank consumer price index for Turkey, today's prices in 2020 are 485,082,288.08% higher than average prices since 1961. This means that a lira today only buys 0.00% of what it could buy in 1961. The Turkish Lira experienced an average inflation rate of 29.81% per year during this period, causing the real value of a lira to decrease.

In other words, ₺100 in 1961 is equivalent in purchasing power to about ₺485,082,388.08 in 2020, a difference of ₺485,082,288.08 over 59 years. This inflation data is collected by the World Bank and is specific to Turkey.

The 1961 inflation rate was 3.17%. The current year-over-year inflation rate (2019 to 2020) is now 15.18%1. If this number holds, ₺100 today will be equivalent in buying power to ₺115.18 next year.


Inflation from 1961 to 2020
Cumulative price change 485,082,288.08%
Average inflation rate 29.81%
Converted amount (₺100 base) ₺485,082,388.08
Price difference (₺100 base) ₺485,082,288.08
CPI in 1961 0.000
CPI in 2020 270.017
Inflation in 1961 3.17%
Inflation in 2020 15.18%

TRY Inflation since 1960
Annual Rate, the World Bank CPI
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Buying power of ₺100 in 1961

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 ₺485,082,388.08 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₺100 is equivalent to ₺485,082,388.08 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 59 years.

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

Lira inflation: 1961-2020
Year Lira Value Inflation Rate
1961 ₺100.00 3.17%
1962 ₺103.89 3.89%
1963 ₺110.50 6.36%
1964 ₺111.74 1.12%
1965 ₺116.83 4.56%
1966 ₺126.72 8.47%
1967 ₺144.43 13.97%
1968 ₺153.17 6.05%
1969 ₺160.71 4.92%
1970 ₺173.44 7.92%
1971 ₺206.42 19.01%
1972 ₺238.24 15.42%
1973 ₺271.44 13.94%
1974 ₺336.31 23.90%
1975 ₺407.70 21.23%
1976 ₺478.87 17.46%
1977 ₺603.31 25.99%
1978 ₺976.74 61.90%
1979 ₺1,597.39 63.54%
1980 ₺3,103.10 94.26%
1981 ₺4,270.33 37.61%
1982 ₺5,514.59 29.14%
1983 ₺7,245.64 31.39%
1984 ₺10,751.97 48.39%
1985 ₺15,586.24 44.96%
1986 ₺20,980.65 34.61%
1987 ₺29,132.86 38.86%
1988 ₺49,179.08 68.81%
1989 ₺80,295.94 63.27%
1990 ₺128,717.51 60.30%
1991 ₺213,643.47 65.98%
1992 ₺363,356.50 70.08%
1993 ₺603,512.77 66.09%
1994 ₺1,238,498.65 105.21%
1995 ₺2,342,165.88 89.11%
1996 ₺4,225,551.84 80.41%
1997 ₺7,845,555.13 85.67%
1998 ₺14,486,138.40 84.64%
1999 ₺23,882,932.43 64.87%
2000 ₺36,998,333.28 54.92%
2001 ₺57,125,496.42 54.40%
2002 ₺82,811,473.72 44.96%
2003 ₺100,700,771.37 21.60%
2004 ₺109,359,287.20 8.60%
2005 ₺118,303,958.68 8.18%
2006 ₺129,657,876.04 9.60%
2007 ₺141,010,954.22 8.76%
2008 ₺155,738,319.31 10.44%
2009 ₺165,473,485.25 6.25%
2010 ₺179,648,679.04 8.57%
2011 ₺191,275,325.38 6.47%
2012 ₺208,282,704.76 8.89%
2013 ₺223,889,515.92 7.49%
2014 ₺243,713,975.91 8.85%
2015 ₺262,408,918.32 7.67%
2016 ₺282,811,563.75 7.78%
2017 ₺314,328,964.20 11.14%
2018 ₺365,666,628.80 16.33%
2019 ₺421,163,200.60 15.18%
2020 ₺485,082,388.08 15.18%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 53 more rows

This conversion table shows various other 1961 amounts in today's lira, based on the 485,082,288.08% change in prices:

Conversion Table: Value of a lira today
Initial value Equivalent value
₺1 lira in 1961 ₺4,850,823.88 lira today
₺5 lira in 1961 ₺24,254,119.40 lira today
₺10 lira in 1961 ₺48,508,238.81 lira today
₺50 lira in 1961 ₺242,541,194.04 lira today
₺100 lira in 1961 ₺485,082,388.08 lira today
₺500 lira in 1961 ₺2,425,411,940.41 lira today
₺1,000 lira in 1961 ₺4,850,823,880.81 lira today
₺5,000 lira in 1961 ₺24,254,119,404.05 lira today
₺10,000 lira in 1961 ₺48,508,238,808.11 lira today
₺50,000 lira in 1961 ₺242,541,194,040.53 lira today
₺100,000 lira in 1961 ₺485,082,388,081.05 lira today
₺500,000 lira in 1961 ₺2,425,411,940,405.25 lira today
₺1,000,000 lira in 1961 ₺4,850,823,880,810.51 lira today

How to Calculate Inflation Rate for ₺100 since 1961

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 270.0172306662123 in 2020:

270.01723066621230.0000556642
×
₺100
=
₺485,082,388.08

₺100 in 1961 has the same "purchasing power" or "buying power" as ₺485,082,388.08 in 2020.

To get the total inflation rate for the 59 years between 1961 and 2020, we use the following formula:

CPI in 2020 - CPI in 1961CPI in 1961
×
100
=
Cumulative inflation rate (59 years)

Plugging in the values to this equation, we get:

270.0172306662123 - 0.00005566420.0000556642
×
100
=
485,082,288%

News headlines from 1961

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.

Data Source & Citation

You may use the following MLA citation for this page: “Turkey Inflation Calculator: World Bank data, 1961-2020 (TRY).” Official Inflation Data, Alioth Finance, 17 Sep. 2020, 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.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1961 to 2020
Cumulative price change 485,082,288.08%
Average inflation rate 29.81%
Converted amount (₺100 base) ₺485,082,388.08
Price difference (₺100 base) ₺485,082,288.08
CPI in 1961 0.000
CPI in 2020 270.017
Inflation in 1961 3.17%
Inflation in 2020 15.18%