Turkey Inflation Calculator

Result: ₺1,000 in 2000 → ₺56,669.10 in 2024


Value of ₺1,000 from 2000 to 2024

Updated: March 12, 2024

₺1,000 in 2000 is equivalent in purchasing power to about ₺56,669.10 today, an increase of ₺55,669.10 over 24 years. The lira had an average inflation rate of 18.32% per year between 2000 and today, producing a cumulative price increase of 5,566.91%.

This means that today's prices are 56.67 times as high as average prices since 2000, according to the OECD and the World Bank consumer price index for Turkey. A lira today only buys 1.765% of what it could buy back then.

The inflation rate in 2000 was 54.92%. The current inflation rate compared to last year is now 60.16%. If this number holds, ₺1,000 today will be equivalent in buying power to ₺1,601.56 next year.


Inflation from 2000 to 2024
Cumulative price change5,566.91%
Average inflation rate18.32%
Converted amount
₺1,000 base
₺56,669.10
Price difference
₺1,000 base
₺55,669.10
CPI in 200014.100
CPI in 2024799.006
Inflation in 200054.92%
Inflation in 202460.16%
₺1,000 in 2000₺56,669.10 in 2024

TRY inflation since 2000
Annual Rate, the OECD and the World Bank CPI
Download

Buying power of ₺1,000 in 2000

This chart shows a calculation of buying power equivalence for ₺1,000 in 2000 (price index tracking began in 1955).

For example, if you started with ₺1,000, you would need to end with ₺56,669.10 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₺1,000 is equivalent to ₺56,669.10 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 2000 dollars, the chart below shows how ₺1,000 is worth less over 24 years.

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: 2000-2024
YearLira ValueInflation Rate
2000₺1,000.0054.92%
2001₺1,544.0054.40%
2002₺2,238.2544.96%
2003₺2,721.7621.60%
2004₺2,955.798.60%
2005₺3,197.558.18%
2006₺3,504.429.60%
2007₺3,811.288.76%
2008₺4,209.3310.44%
2009₺4,472.466.25%
2010₺4,855.598.57%
2011₺5,169.836.47%
2012₺5,629.518.89%
2013₺6,051.347.49%
2014₺6,587.168.85%
2015₺7,092.457.67%
2016₺7,643.907.78%
2017₺8,495.7611.14%
2018₺9,883.3216.33%
2019₺11,383.3015.18%
2020₺12,781.0512.28%
2021₺15,285.6819.60%
2022₺26,338.5972.31%
2023₺43,413.5064.83%
2024₺56,669.1030.53%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 18 more rows

This conversion table shows various other 2000 amounts in today's lira, based on the 5,566.91% change in prices:

Conversion: 2000 lira today
Initial valueEquivalent value
₺1 lira in 2000₺56.67 lira today
₺5 lira in 2000₺283.35 lira today
₺10 lira in 2000₺566.69 lira today
₺50 lira in 2000₺2,833.45 lira today
₺100 lira in 2000₺5,666.91 lira today
₺500 lira in 2000₺28,334.55 lira today
₺1,000 lira in 2000₺56,669.10 lira today
₺5,000 lira in 2000₺283,345.48 lira today
₺10,000 lira in 2000₺566,690.95 lira today
₺50,000 lira in 2000₺2,833,454.77 lira today
₺100,000 lira in 2000₺5,666,909.53 lira today
₺500,000 lira in 2000₺28,334,547.66 lira today
₺1,000,000 lira in 2000₺56,669,095.33 lira today

How to calculate inflation rate for ₺1,000 since 2000

Our calculations use the following inflation rate formula to calculate the change in value between 2000 and today:

CPI today CPI in 2000
×
2000 TRY value
=
Today's value

Then plug in historical CPI values. The Turkish CPI was 14.0995 in the year 2000 and 799.0059096034153 in 2024:

799.005909603415314.0995
×
₺1,000
=
₺56,669.10

₺1,000 in 2000 has the same "purchasing power" or "buying power" as ₺56,669.10 in 2024.

To get the total inflation rate for the 24 years between 2000 and 2024, we use the following formula:

CPI in 2024 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (24 years)

Plugging in the values to this equation, we get:

799.0059096034153 - 14.099514.0995
×
100
=
5,567%

Data source & citation

You may use the following MLA citation for this page: “₺1,000 in 2000 → 2024 | Turkey Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Mar. 2024, https://www.officialdata.org/turkey/inflation/2000?amount=1000.

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


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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 2000 to 2024
Cumulative price change5,566.91%
Average inflation rate18.32%
Converted amount
₺1,000 base
₺56,669.10
Price difference
₺1,000 base
₺55,669.10
CPI in 200014.100
CPI in 2024799.006
Inflation in 200054.92%
Inflation in 202460.16%
₺1,000 in 2000₺56,669.10 in 2024