Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Turkiye
CPGREN01TRA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.13
Year-over-Year Change
304.58%
Date Range
1/1/1994 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Energy in Turkiye measures the change in prices paid by consumers for energy-related goods and services. This metric is a key indicator of inflation and consumer 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 Energy in Turkiye is a subcomponent of the broader Consumer Price Index, which tracks the prices of a representative basket of consumer goods and services. The energy CPI specifically focuses on changes in the costs of fuels, electricity, and other energy products.
Methodology
The Turkish Statistical Institute (TurkStat) collects price data from a sample of retail outlets to calculate the CPI.
Historical Context
Policymakers and economists use the energy CPI to assess inflationary pressures and make informed decisions regarding monetary and fiscal policies.
Key Facts
- The energy CPI represents about 12% of the total Turkish CPI basket.
- Turkiye experienced high energy price inflation of over 80% in 2022.
- Rising energy costs have been a key driver of overall inflation in Turkiye.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Turkiye measures the change in prices paid by consumers for energy-related goods and services, such as fuels, electricity, and other energy products.
Q: Why is this trend relevant for users or analysts?
A: The energy CPI is a key indicator of inflationary pressures in the Turkish economy, as energy costs have a significant impact on overall consumer prices and purchasing power.
Q: How is this data collected or calculated?
A: The Turkish Statistical Institute (TurkStat) collects price data from a sample of retail outlets to calculate the CPI, including the energy subcomponent.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the energy CPI to assess inflationary pressures and make informed decisions regarding monetary and fiscal policies in Turkiye.
Q: Are there update delays or limitations?
A: The energy CPI for Turkiye is published monthly by TurkStat, with a typical release lag of around two weeks.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Female: 15 Years or over for Turkiye
LFWATTFETRQ647S
Infra-Annual Labor Statistics: Employment Rate Female: From 55 to 64 Years for Turkiye
LREM55FETRQ156S
Number of Listed Companies for Turkey
DDOM01TRA644NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Turkiye
TURCPHP0702GYM
Harmonized Index of Consumer Prices: Repair of Audio-Visual, Photographic and Information Processing Equipment for Turkey
CP0915TRM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Turkiye
TURCP010000CTGYM
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Turkiye (CPGREN01TRA659N), retrieved from FRED.