Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Turkey
CPGRLE01TRQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.75
Year-over-Year Change
469.16%
Date Range
1/1/1994 - 7/1/2023
Summary
The Consumer Price Index (CPI) for OECD Groups: All Items Non-Food Non-Energy: Total for Turkey measures changes in the general price level of consumer goods and services, excluding food and energy, 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 CPI trend is a key indicator of inflation and purchasing power in the Turkish economy. It is widely used by policymakers, analysts, and businesses to understand consumer spending patterns and the overall cost of living.
Methodology
The data is collected and calculated by the OECD based on monthly surveys of consumer prices.
Historical Context
The CPI is a crucial input for the Turkish Central Bank's monetary policy decisions.
Key Facts
- The base year for the Turkish CPI is 2015.
- CPI is reported on a monthly basis by the OECD.
- Excluding food and energy can provide a more stable measure of underlying inflation.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the general price level of consumer goods and services, excluding food and energy, in Turkey.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Turkey is a key indicator of inflation and purchasing power, providing important insights for policymakers, analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on monthly surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Turkish CPI is a crucial input for the Central Bank's monetary policy decisions, as it helps inform decisions on interest rates and inflation targeting.
Q: Are there update delays or limitations?
A: The CPI data is reported on a monthly basis by the OECD with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Turkey (CPGRLE01TRQ657N), retrieved from FRED.