Result:₺100 in 1998 → ₺26,766.34 in 2026

The Turkish Lira has lost 99.626% of its value since 1998

Updated: March 11, 2026

₺100 in 1998 is equivalent in purchasing power to about ₺26,766.34 today, an increase of ₺26,666.34 over 28 years. The lira had an average inflation rate of 22.10% per year between 1998 and today, producing a cumulative price increase of 26,666.34%.

This means that today's prices are 267.66 times as high as average prices since 1998, according to the OECD and the World Bank consumer price index for Turkey. A lira today only buys 0.374% of what it could buy back then.

The inflation rate in 1998 was 84.64%. The current inflation rate compared to the end of last year is now 26.53%. If this number holds, ₺100 today will be equivalent in buying power to ₺126.53 next year.

Contents

Overview
Buying Power of ₺100
Formulas & How to Calculate
Data Source

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Inflation from 1998 to 2026
Cumulative price change	26,666.34%
Average inflation rate	22.10%
Converted amount ₺100 base	₺26,766.34
Price difference ₺100 base	₺26,666.34
CPI in 1998	5.520
CPI in 2026	1,477.621
Inflation in 1998	84.64%
Inflation in 2026	26.53%
₺100 in 1998	₺26,766.34 in 2026

TRY inflation since 1998

Annual Rate, the OECD and the World Bank CPI

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Buying power of ₺100 in 1998

This chart shows a calculation of buying power equivalence for ₺100 in 1998 (price index tracking began in 1955).

For example, if you started with ₺100, you would need to end with ₺26,766.34 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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When ₺100 is equivalent to ₺26,766.34 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 1998 dollars, the chart below shows how ₺100 is worth less over 28 years.

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

Lira inflation: 1998-2026
Year	Lira Value	Inflation Rate
1998	₺100.00	84.64%
1999	₺164.87	64.87%
2000	₺255.41	54.92%
2001	₺394.35	54.40%
2002	₺571.66	44.96%
2003	₺695.15	21.60%
2004	₺754.92	8.60%
2005	₺816.67	8.18%
2006	₺895.05	9.60%
2007	₺973.42	8.76%
2008	₺1,075.09	10.44%
2009	₺1,142.29	6.25%
2010	₺1,240.14	8.57%
2011	₺1,320.40	6.47%
2012	₺1,437.81	8.89%
2013	₺1,545.54	7.49%
2014	₺1,682.39	8.85%
2015	₺1,811.45	7.67%
2016	₺1,952.29	7.78%
2017	₺2,169.86	11.14%
2018	₺2,524.25	16.33%
2019	₺2,907.35	15.18%
2020	₺3,264.35	12.28%
2021	₺3,904.04	19.60%
2022	₺6,727.01	72.31%
2023	₺10,350.14	53.86%
2024	₺16,405.64	58.51%
2025	₺22,128.11	34.88%
2026	₺26,766.34	20.96%*

* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Click to show 22 more rows

This conversion table shows various other 1998 amounts in today's lira, based on the 26,666.34% change in prices:

Conversion: 1998 lira today
Initial value	Equivalent value
₺1 lira in 1998	₺267.66 lira today
₺5 lira in 1998	₺1,338.32 lira today
₺10 lira in 1998	₺2,676.63 lira today
₺50 lira in 1998	₺13,383.17 lira today
₺100 lira in 1998	₺26,766.34 lira today
₺500 lira in 1998	₺133,831.71 lira today
₺1,000 lira in 1998	₺267,663.42 lira today
₺5,000 lira in 1998	₺1,338,317.11 lira today
₺10,000 lira in 1998	₺2,676,634.22 lira today
₺50,000 lira in 1998	₺13,383,171.08 lira today
₺100,000 lira in 1998	₺26,766,342.17 lira today
₺500,000 lira in 1998	₺133,831,710.84 lira today
₺1,000,000 lira in 1998	₺267,663,421.68 lira today

How to calculate inflation rate for ₺100 since 1998

Our calculations use the following inflation rate formula to calculate the change in value between 1998 and today:

CPI todayCPI in 1998

1998 TRY value

Today's value

Then plug in historical CPI values. The Turkish CPI was 5.520444 in the year 1998 and 1477.6209302340194 in 2026:

1477.62093023401945.520444

₺100

₺26,766.34

₺100 in 1998 has the same "purchasing power" or "buying power" as ₺26,766.34 in 2026.

To get the total inflation rate for the 28 years between 1998 and 2026, we use the following formula:

CPI in 2026 - CPI in 1998CPI in 1998

100

Cumulative inflation rate (28 years)

Plugging in the values to this equation, we get:

1477.6209302340194 - 5.5204445.520444

100

26,666%

Data source & citation

You may use the following MLA citation for this page: “Value of 1998 Turkish Lira today | Turkey Inflation Calculator.” Official Inflation Data, Alioth Finance, 6 Apr. 2026, https://www.officialdata.org/turkey/inflation/1998.

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

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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Other resources:

Inflation from 1998 to 2026
Cumulative price change	26,666.34%
Average inflation rate	22.10%
Converted amount ₺100 base	₺26,766.34
Price difference ₺100 base	₺26,666.34
CPI in 1998	5.520
CPI in 2026	1,477.621
Inflation in 1998	84.64%
Inflation in 2026	26.53%
₺100 in 1998	₺26,766.34 in 2026