Historical Year Data · 1971

Turkey CPI Inflation (WEO) in 1971

Turkey CPI Inflation (WEO) opened 1971 at 19.01% and closed at 19.01%, a +0.00% move for the year. The high of 19.01% was reached on December 31, and the low of 19.01% on December 31.

Open

19.01%

1971-01

19.01%

1 data points

High

19.01%

Dec 31

Low

19.01%

Dec 31

Full Year Change

+0.00%

1970 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	19.01%	19.01%	19.01%	19.01%	+0.00%

Events During 1971

1971 Nixon Shock (End of Gold Standard)

Stagflation

August 15, 1971

On August 15, 1971, President Nixon announced the United States would no longer convert dollars to gold at $35/oz, ending the Bretton Woods system and ushering in the modern fiat era.

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1971

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