Harmonized Index of Consumer Prices: Food for Turkey
CP0110TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,488.22
Year-over-Year Change
27.23%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Food in Turkey measures changes in the prices of food-related goods and services. This indicator is essential for policymakers and economists to track food inflation and its impact on the overall cost of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The HICP for Food in Turkey is a subcomponent of the broader HICP, which is the standard measure of consumer price inflation in the European Union. The Food HICP specifically tracks the prices of food and non-alcoholic beverages, providing insight into one of the key drivers of household expenditures.
Methodology
The data is collected through surveys of retail establishments and calculated using a weighted average of price changes for a representative basket of food items.
Historical Context
This economic indicator is closely monitored by the Turkish government, central bank, and international organizations to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The HICP for Food in Turkey has a weight of approximately 24% in the overall HICP basket.
- Turkey's Food HICP reached a record high of 36.1% in March 2022.
- Rising food prices have been a key driver of Turkey's high overall inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Food in Turkey measures changes in the prices of food and non-alcoholic beverages purchased by households.
Q: Why is this trend relevant for users or analysts?
A: The Food HICP is an essential indicator for understanding the cost of living and inflationary pressures in Turkey, as food expenditures make up a significant portion of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a weighted average of price changes for a representative basket of food items.
Q: How is this trend used in economic policy?
A: The Food HICP is closely monitored by the Turkish government, central bank, and international organizations to inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The HICP for Food in Turkey is published monthly by the Turkish Statistical Institute, with data typically available within a few weeks of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food for Turkey (CP0110TRM086NEST), retrieved from FRED.