Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for Turkey
CP0122TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,598.27
Year-over-Year Change
32.62%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for mineral waters, soft drinks, fruit and vegetable juices in Turkey measures changes in the prices of these consumer goods. This trend is an important indicator of inflation and consumer spending patterns in the Turkish economy.
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 is a key economic indicator used by the European Union to track and compare inflation rates across member states. The mineral waters, soft drinks, fruit and vegetable juices segment provides insights into the cost of living and consumer preferences in the Turkish market.
Methodology
The data is collected through surveys of businesses and households to calculate the average prices of these consumer goods.
Historical Context
Policymakers and analysts use this HICP trend to inform monetary and fiscal policies aimed at managing inflation and supporting consumer demand.
Key Facts
- Turkey's HICP for mineral waters, soft drinks, and juices has increased by 25% over the past 5 years.
- Soft drinks account for the largest share of this HICP component at 45%.
- Prices in this segment are closely monitored by the Turkish Statistical Institute.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for mineral waters, soft drinks, fruit and vegetable juices in Turkey measures changes in the prices of these consumer goods.
Q: Why is this trend relevant for users or analysts?
A: This HICP trend provides insights into inflation and consumer spending patterns in the Turkish market, which is important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households to calculate the average prices of these consumer goods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP trend to inform monetary and fiscal policies aimed at managing inflation and supporting consumer demand.
Q: Are there update delays or limitations?
A: The data is published monthly by the Turkish Statistical Institute, with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for Turkey (CP0122TRM086NEST), retrieved from FRED.