**Result:**
₺100
in 1961 →
₺485,082,388.08
in 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.

⌃

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% |

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:

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

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 |

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

=

₺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

=

Plugging in the values to this equation, we get:

270.0172306662123 - 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, 1961-2020 (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.

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% |