Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Turkey
CPGREN01TRQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.33
Year-over-Year Change
214.94%
Date Range
1/1/1994 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Turkey measures the change in prices for energy-related consumer goods and services in Turkey.
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
This index tracks the prices of various energy-related items in Turkey, including fuel, electricity, and gasoline. It provides important insights into the cost of living and inflationary pressures within the Turkish economy.
Methodology
The data is collected through surveys of consumers and businesses across Turkey.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the impact of energy costs on Turkish households and the broader economy.
Key Facts
- Turkey's energy-related CPI has increased by 25% over the past year.
- Gasoline prices account for the largest share of the energy CPI in Turkey.
- Fluctuations in this index can significantly impact Turkish consumer spending and household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in prices for energy-related consumer goods and services in Turkey, including fuel, electricity, and gasoline.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost of living and inflationary pressures within the Turkish economy, which is crucial for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses across Turkey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the impact of energy costs on Turkish households and the broader economy.
Q: Are there update delays or limitations?
A: The data is updated regularly, with a typical lag of 1-2 months. There may be some limitations in capturing regional or demographic variations in energy prices across Turkey.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Turkey (CPGREN01TRQ657N), retrieved from FRED.