Harmonized Index of Consumer Prices: Purchase of Vehicles for Turkey
CP0710TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,346.63
Year-over-Year Change
21.72%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles in Turkey measures changes in the prices paid by Turkish consumers for vehicle purchases over time. This key economic indicator helps track inflation and consumer spending patterns.
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 Purchase of Vehicles in Turkey is a component of the broader HICP, which is the standard measure of consumer price inflation used across the European Union. The vehicle purchase sub-index provides insights into a major household expenditure category and broader consumer spending dynamics.
Methodology
The data is collected through surveys of Turkish consumers and businesses and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and analysts use the HICP for vehicle purchases to assess inflationary pressures and consumer behavior within the Turkish economy.
Key Facts
- The HICP covers over 700 consumer goods and services.
- Turkey has used the HICP as its main inflation measure since 2005.
- Vehicle purchases make up around 4% of the total Turkish consumer basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles in Turkey measures changes in the prices paid by Turkish consumers for vehicle purchases over time.
Q: Why is this trend relevant for users or analysts?
A: The vehicle purchase sub-index provides insights into a major household expenditure category and broader consumer spending dynamics, which is relevant for policymakers and analysts assessing inflationary pressures and consumer behavior within the Turkish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Turkish consumers and businesses and calculated according to Eurostat's HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP for vehicle purchases to assess inflationary pressures and consumer behavior within the Turkish economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a short lag, providing timely insights into Turkish consumer price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for Turkey (CP0710TRM086NEST), retrieved from FRED.