Historical Year Data · 1979

Turkey CPI Inflation (WEO) in 1979

Turkey CPI Inflation (WEO) opened 1979 at 63.54% and closed at 63.54%, a +0.00% move for the year. The high of 63.54% was reached on December 31, and the low of 63.54% on December 31.

Open

63.54%

1979-01

63.54%

1 data points

High

63.54%

Dec 31

Low

63.54%

Dec 31

Full Year Change

+0.00%

1978 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	63.54%	63.54%	63.54%	63.54%	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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1979

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