Harmonized Index of Consumer Prices: Gas for Turkey
CP0452TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,138.47
Year-over-Year Change
67.44%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Gas for Turkey measures the change in prices for gasoline and other automotive fuels in Turkey. It is a key indicator of inflationary pressures and consumer spending 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 Harmonized Index of Consumer Prices (HICP) is a standardized metric used across the European Union to track consumer price inflation. The Gas for Turkey series specifically focuses on the price of gasoline and other automotive fuels, which are important inputs for households and businesses.
Methodology
The data is collected through surveys of consumer prices and compiled by Turkstat, Turkey's national statistical agency.
Historical Context
The HICP: Gas for Turkey is closely monitored by the Central Bank of Turkey and other policymakers to assess inflation risks and guide monetary policy decisions.
Key Facts
- Turkey has a large automotive industry and consumer base.
- Gasoline prices impact transportation costs for businesses and households.
- The HICP is harmonized across EU member states for comparability.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Gas for Turkey measures the change in prices for gasoline and other automotive fuels in Turkey.
Q: Why is this trend relevant for users or analysts?
A: The HICP: Gas for Turkey is a key indicator of inflationary pressures and consumer spending in the Turkish economy, informing policy decisions by the Central Bank of Turkey and other stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and compiled by Turkstat, Turkey's national statistical agency.
Q: How is this trend used in economic policy?
A: The HICP: Gas for Turkey is closely monitored by the Central Bank of Turkey and other policymakers to assess inflation risks and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, but may be subject to revisions or delays in reporting by the source agency.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Gas for Turkey (CP0452TRM086NEST), retrieved from FRED.