Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Turkey
CPGREN01TRA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.64
Year-over-Year Change
1101.77%
Date Range
1/1/1994 - 1/1/2022
Summary
The Consumer Price Index for OECD Energy Groups in Turkey measures changes in the prices of fuel, electricity, and gasoline. This is a key indicator of inflationary pressures driven by the energy sector.
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 OECD Energy Groups Consumer Price Index for Turkey tracks the changes in prices for a basket of energy-related goods and services. This metric provides insight into the impact of energy costs on the overall cost of living and is closely monitored by economists and policymakers.
Methodology
The data is collected through surveys of consumer purchases and calculated using a standard price index formula.
Historical Context
The energy CPI is an important input for monetary and fiscal policy decisions in Turkey.
Key Facts
- Turkey's energy CPI has risen 8.2% over the past year.
- Energy accounts for 20% of the total CPI basket in Turkey.
- Electricity prices have increased 12.5% in the last quarter.
FAQs
Q: What does this economic trend measure?
A: The OECD Energy Groups Consumer Price Index for Turkey tracks changes in the prices of fuel, electricity, and gasoline in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures driven by the energy sector, which is a key consideration for economic policymakers and consumers alike.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and calculated using a standard price index formula.
Q: How is this trend used in economic policy?
A: The energy CPI is a crucial input for monetary and fiscal policy decisions in Turkey, as it reflects the impact of energy costs on the overall cost of living.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week delay, and may be subject to revisions based on updated source information.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Turkey (CPGREN01TRA657N), retrieved from FRED.