Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Turkey
CP0450TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
996.21
Year-over-Year Change
52.49%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Turkey measures price changes for electricity, gas, and other fuels in Turkey. This index is a key indicator of inflation and energy costs for Turkish consumers.
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) tracks the changes in prices of a basket of consumer goods and services. The Electricity, Gas and Other Fuels component specifically measures the price trends for these energy-related goods, providing insight into energy inflation and household costs.
Methodology
The data is collected through surveys of consumer purchases and calculated using a harmonized methodology across the European Union.
Historical Context
This index is used by policymakers and analysts to monitor energy price trends and inflationary pressures.
Key Facts
- The index has a base year of 2015.
- Energy costs make up about 15% of the consumer price basket in Turkey.
- Prices for electricity, gas, and fuels can have significant impacts on overall inflation.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Turkey measures the changes in prices for electricity, gas, and other household fuels consumed by Turkish consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into energy-related inflation and household energy costs, which are key factors in the overall cost of living and economic well-being in Turkey.
Q: How is this data collected or calculated?
A: The data is collected through consumer purchase surveys and calculated using a harmonized methodology across the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor energy price trends and inflationary pressures, which can inform decisions on monetary policy, consumer subsidies, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. As a harmonized index, the methodology and coverage may differ somewhat from non-harmonized national price indexes.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for Turkey (CP0450TRM086NEST), retrieved from FRED.