Result: ₺100 in 2005 → ₺1,357.71 in 2023
Value of ₺100 from 2005 to 2023
₺100 in 2005 is equivalent in purchasing power to about ₺1,357.71 in 2023, an increase of ₺1,257.71 over 18 years. The lira had an average inflation rate of 15.59% per year between 2005 and 2023, producing a cumulative price increase of 1,257.71%.
This means that prices in 2023 are 13.58 times as high as average prices since 2005, according to the OECD and the World Bank consumer price index for Turkey.
The inflation rate in 2005 was 8.18%. The inflation rate in 2023 was 64.83%. The 2023 inflation rate is higher compared to the average inflation rate of 62.02% per year between 2023 and 2024.
⌃
| Cumulative price change | 1,257.71% |
| Average inflation rate | 15.59% |
| Converted amount ₺100 base | ₺1,357.71 |
| Price difference ₺100 base | ₺1,257.71 |
| CPI in 2005 | 45.084 |
| CPI in 2023 | 612.109 |
| Inflation in 2005 | 8.18% |
| Inflation in 2023 | 64.83% |
| ₺100 in 2005 | ₺1,357.71 in 2023 |
Buying power of ₺100 in 2005
This chart shows a calculation of buying power equivalence for ₺100 in 2005 (price index tracking began in 1955).
For example, if you started with ₺100, you would need to end with ₺1,357.71 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₺100 is equivalent to ₺1,357.71 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 2005 dollars, the chart below shows how ₺100 is worth less over 18 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:
This conversion table shows various other 2005 amounts in 2023 lira, based on the 1,257.71% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₺1 lira in 2005 | ₺13.58 lira in 2023 |
| ₺5 lira in 2005 | ₺67.89 lira in 2023 |
| ₺10 lira in 2005 | ₺135.77 lira in 2023 |
| ₺50 lira in 2005 | ₺678.86 lira in 2023 |
| ₺100 lira in 2005 | ₺1,357.71 lira in 2023 |
| ₺500 lira in 2005 | ₺6,788.56 lira in 2023 |
| ₺1,000 lira in 2005 | ₺13,577.12 lira in 2023 |
| ₺5,000 lira in 2005 | ₺67,885.62 lira in 2023 |
| ₺10,000 lira in 2005 | ₺135,771.24 lira in 2023 |
| ₺50,000 lira in 2005 | ₺678,856.18 lira in 2023 |
| ₺100,000 lira in 2005 | ₺1,357,712.37 lira in 2023 |
| ₺500,000 lira in 2005 | ₺6,788,561.84 lira in 2023 |
| ₺1,000,000 lira in 2005 | ₺13,577,123.68 lira in 2023 |
How to calculate inflation rate for ₺100, 2005 to 2023
Our calculations use the following inflation rate formula to calculate the change in value between 2005 and 2023:
CPI in 2023 CPI in 2005
×
2005 TRY value
=
2023 TRY value
Then plug in historical CPI values. The Turkish CPI was 45.08382 in the year 2005 and 612.1086 in 2023:
612.108645.08382
×
₺100
=
₺1,357.71
₺100 in 2005 has the same "purchasing power" or "buying power" as ₺1,357.71 in 2023.
To get the total inflation rate for the 18 years between 2005 and 2023, we use the following formula:
CPI in 2023 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (18 years)
Plugging in the values to this equation, we get:
612.1086 - 45.0838245.08382
×
100
=
1,258%
Data source & citation
You may use the following MLA citation for this page: “₺100 in 2005 → 2023 | Turkey Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2025, https://www.officialdata.org/turkey/inflation/2005?amount=100&endYear=2023.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 1,257.71% |
| Average inflation rate | 15.59% |
| Converted amount ₺100 base | ₺1,357.71 |
| Price difference ₺100 base | ₺1,257.71 |
| CPI in 2005 | 45.084 |
| CPI in 2023 | 612.109 |
| Inflation in 2005 | 8.18% |
| Inflation in 2023 | 64.83% |
| ₺100 in 2005 | ₺1,357.71 in 2023 |