Harmonized Index of Consumer Prices: Garments for Turkey
CP0312TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
370.61
Year-over-Year Change
10.17%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Garments in Turkey measures the change in retail prices of clothing and footwear. This key indicator provides insights into consumer inflation and purchasing power 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 for Garments in Turkey is a component of the broader HICP, which is the standard measure of consumer inflation across the Eurozone. This subsector index tracks the prices of a representative basket of apparel, accessories, and footwear products purchased by Turkish households.
Methodology
The data is collected through surveys of retail outlets and then aggregated by Turkey's statistical agency.
Historical Context
Policymakers and analysts use the HICP for Garments to assess inflationary pressures and living standards in Turkey's consumer economy.
Key Facts
- Turkey's HICP for Garments has a base year of 2015.
- Clothing and footwear account for around 5% of the total HICP basket in Turkey.
- The HICP for Garments is released monthly by the Turkish Statistical Institute.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Garments in Turkey measures the change in retail prices of clothing, footwear, and accessories purchased by Turkish consumers.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Garments provides important insights into inflationary pressures and consumer purchasing power in Turkey's retail sector, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of retail outlets and then aggregated by Turkey's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the HICP for Garments, along with other HICP components, to monitor and manage consumer inflation in the Turkish economy.
Q: Are there update delays or limitations?
A: The HICP for Garments is released monthly by the Turkish Statistical Institute with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Garments for Turkey (CP0312TRM086NEST), retrieved from FRED.