Consumer Price Index: Harmonized Prices: All Items: Total for Turkey
CPHPTT01TRM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
13.79%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Turkey measures the overall price level of consumer goods and services in Turkey. It is a key indicator of inflation and the purchasing power of Turkish consumers.
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 changes in the prices paid by Turkish consumers for a representative basket of goods and services. It is harmonized with the methodologies used across the European Union, allowing for international comparisons of price changes.
Methodology
The data is collected through surveys of retail establishments and service providers across Turkey.
Historical Context
The Turkish CPI is closely monitored by the Central Bank of Turkey and other policymakers to guide monetary and fiscal policies.
Key Facts
- The base year for the Turkish CPI is 2015.
- Turkey experienced double-digit inflation for much of the 2010s.
- The CPI is released monthly by the Turkish Statistical Institute.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Turkey measures the overall price level of consumer goods and services purchased by Turkish households.
Q: Why is this trend relevant for users or analysts?
A: The Turkish CPI is a critical indicator of inflation and the purchasing power of Turkish consumers, informing monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Turkey.
Q: How is this trend used in economic policy?
A: The Turkish CPI is closely monitored by the Central Bank of Turkey and other policymakers to guide monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Turkish CPI is released monthly by the Turkish Statistical Institute with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Turkey (CPHPTT01TRM657N), retrieved from FRED.