Historical Year Data · 1972

Turkey CPI Inflation (WEO) in 1972

Turkey CPI Inflation (WEO) opened 1972 at 15.42% and closed at 15.42%, a +0.00% move for the year. The high of 15.42% was reached on December 31, and the low of 15.42% on December 31.

Open

15.42%

1972-01

15.42%

1 data points

High

15.42%

Dec 31

Low

15.42%

Dec 31

Full Year Change

+0.00%

1971 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	15.42%	15.42%	15.42%	15.42%	+0.00%

Events During 1972

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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1972

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