**Result:**
₺100
in 1960 →
₺615,050,611.98
in 2022

₺100 in 1960 is equivalent in purchasing power to about ₺615,050,611.98 today, an increase of ₺615,050,511.98 over 62 years. The lira had an average inflation rate of 28.68% per year between 1960 and today, producing a cumulative price increase of 615,050,511.98%.

This means that today's prices are 6,150,506.12 times higher than average prices since 1960, 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 inflation rate in 1960 was 5.66%. The current year-over-year inflation rate (2021 to 2022) is now 12.28%. If this number holds, ₺100 today will be equivalent in buying power to ₺112.28 next year.

⌃

Cumulative price change | 615,050,511.98% |

Average inflation rate | 28.68% |

Converted amount (₺100 base) | ₺615,050,611.98 |

Price difference (₺100 base) | ₺615,050,511.98 |

CPI in 1960 | 1.057 |

CPI in 2022 | 6,498,916.293 |

Inflation in 1960 | 5.66% |

Inflation in 2022 | 12.28% |

₺100 in 1960 | ₺615,050,611.98 in 2022 |

This chart shows a calculation of buying power equivalence for ₺100 in 1960 (price index tracking began in 1959).

For example, if you started with ₺100, you would need to end with ₺615,050,611.98 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₺100 is equivalent to ₺615,050,611.98 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 1960 dollars, the chart below shows how ₺100 is worth less over 62 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 1960 amounts in today's lira, based on the 615,050,511.98% change in prices:

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

₺1 lira in 1960 | ₺6,150,506.12 lira today |

₺5 lira in 1960 | ₺30,752,530.60 lira today |

₺10 lira in 1960 | ₺61,505,061.20 lira today |

₺50 lira in 1960 | ₺307,525,305.99 lira today |

₺100 lira in 1960 | ₺615,050,611.98 lira today |

₺500 lira in 1960 | ₺3,075,253,059.92 lira today |

₺1,000 lira in 1960 | ₺6,150,506,119.84 lira today |

₺5,000 lira in 1960 | ₺30,752,530,599.18 lira today |

₺10,000 lira in 1960 | ₺61,505,061,198.36 lira today |

₺50,000 lira in 1960 | ₺307,525,305,991.81 lira today |

₺100,000 lira in 1960 | ₺615,050,611,983.62 lira today |

₺500,000 lira in 1960 | ₺3,075,253,059,918.12 lira today |

₺1,000,000 lira in 1960 | ₺6,150,506,119,836.25 lira today |

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and today:

CPI today
CPI in 1960

×

1960 TRY value

=

Today's value

Then plug in historical CPI values. The Turkish CPI was 1.056647398844 in the year 1960 and 6498916.293099072 in 2022:

6498916.2930990721.056647398844

×

₺100

=

₺100 in 1960 has the same "purchasing power" or "buying power" as ₺615,050,611.98 in 2022.

To get the total inflation rate for the 62 years between 1960 and 2022, we use the following formula:

CPI in 2022 - CPI in 1960CPI in 1960

×

100

=

Plugging in the values to this equation, we get:

6498916.293099072 - 1.0566473988441.056647398844

×

100

=

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

- Johnny Cash plays his first concert in a prison.
- The Bank of France issues new franc currency, worth 100 times the value of old francs.
- France grants independence to Cameroon (previously French Cameroon) after years of fighting.
- Guided missiles are launched for the first time from a nuclear powered submarine

You may use the following MLA citation for this page: “Turkey Inflation Calculator: World Bank data, 1960-2022 (TRY).” Official Inflation Data, Alioth Finance, 15 Jan. 2022, https://www.officialdata.org/turkey/inflation.

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

Cumulative price change | 615,050,511.98% |

Average inflation rate | 28.68% |

Converted amount (₺100 base) | ₺615,050,611.98 |

Price difference (₺100 base) | ₺615,050,511.98 |

CPI in 1960 | 1.057 |

CPI in 2022 | 6,498,916.293 |

Inflation in 1960 | 5.66% |

Inflation in 2022 | 12.28% |

₺100 in 1960 | ₺615,050,611.98 in 2022 |