Consumer Price Index: All Items: City: Total for Turkey
CPALCY01TRQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
589.22
Year-over-Year Change
230.66%
Date Range
10/1/1969 - 7/1/2023
Summary
The Consumer Price Index (CPI) for All Items: City: Total for Turkey measures the changes in the average prices paid by consumers in urban areas of Turkey for a basket of goods and services. It is a key indicator of inflation and an important metric for policymakers and economists in assessing the overall cost of living 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 CPI for All Items: City: Total for Turkey represents the changes in the prices paid by consumers in urban areas of Turkey for a fixed basket of goods and services. It is widely used to track inflation and monitor the effectiveness of monetary and fiscal policies aimed at maintaining price stability and economic growth.
Methodology
The data is collected through surveys of retail establishments and service providers in urban areas of Turkey.
Historical Context
The CPI is a critical input for the Central Bank of Turkey in setting monetary policy and is closely watched by financial markets, businesses, and households to understand the cost of living and purchasing power in the country.
Key Facts
- The CPI for All Items: City: Total for Turkey has a base year of 2016.
- Turkey's CPI reached a high of 85.51 in October 2022, reflecting high inflation.
- The CPI is used to adjust government benefits, wages, and other payments for changes in the cost of living.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items: City: Total for Turkey measures the changes in the average prices paid by consumers in urban areas of Turkey for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and an important metric for policymakers and economists in assessing the overall cost of living and purchasing power in the Turkish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers in urban areas of Turkey.
Q: How is this trend used in economic policy?
A: The CPI is a critical input for the Central Bank of Turkey in setting monetary policy and is closely watched by financial markets, businesses, and households to understand the cost of living and purchasing power in the country.
Q: Are there update delays or limitations?
A: The CPI data for Turkey is typically published on a monthly basis with a short delay, providing timely information on changes in consumer prices.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: City: Total for Turkey (CPALCY01TRQ661N), retrieved from FRED.