Harmonized Index of Consumer Prices: Vegetables for Turkey
CP0117TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,230.93
Year-over-Year Change
17.03%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Vegetables for Turkey measures the changes in prices of vegetables purchased by Turkish consumers. This index is a key indicator of food inflation and consumer purchasing power.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Vegetables index specifically tracks the prices of a basket of common vegetable products in Turkey, providing insights into this important component of the overall cost of living.
Methodology
The Turkish Statistical Institute collects price data from a sample of retail outlets to calculate the HICP Vegetables index.
Historical Context
Policymakers and market analysts use this index to assess inflationary pressures and consumer purchasing trends in the Turkish economy.
Key Facts
- The HICP Vegetables index has a base year of 2015 = 100.
- Vegetables make up approximately 5% of the overall Turkish consumer price index basket.
- The index has shown steady increases in recent years, reflecting rising food costs.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Vegetables for Turkey measures the changes in prices of a basket of common vegetable products purchased by Turkish consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into food inflation and consumer purchasing power in the Turkish economy, which are key considerations for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Turkish Statistical Institute collects price data from a sample of retail outlets to calculate the HICP Vegetables index.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess inflationary pressures and consumer purchasing trends in the Turkish economy, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP Vegetables index is typically published on a monthly basis, with some potential for minor delays in the data release.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Vegetables for Turkey (CP0117TRM086NEST), retrieved from FRED.