Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Turkey
Quarterly
TURCP020000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,514.57
Year-over-Year Change
188.48%
Date Range
1/1/2005 - 7/1/2023
Summary
The Quarterly Trend measures changes in consumer prices over time, providing a key indicator of inflation and economic activity.
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 Quarterly Trend is a consumer price index (CPI) that tracks the average change in prices paid by urban consumers for a basket of goods and services. It is a widely-used metric for assessing overall price levels and changes in the cost of living.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the Quarterly Trend CPI.
Historical Context
The Quarterly Trend is closely monitored by policymakers, economists, and markets to gauge inflationary pressures and guide economic decision-making.
Key Facts
- The Quarterly Trend CPI has a base year of 1982-84 = 100.
- Shelter is the largest component, accounting for over 30% of the overall index.
- The Quarterly Trend is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Trend measures changes in the prices paid by urban consumers for a basket of goods and services, providing a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Trend is a widely-used metric for assessing overall price levels and changes in the cost of living, making it crucial for policymakers, economists, and markets.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the Quarterly Trend Consumer Price Index.
Q: How is this trend used in economic policy?
A: The Quarterly Trend is closely monitored by policymakers to gauge inflationary pressures and guide economic decision-making, such as setting interest rates and adjusting fiscal policies.
Q: Are there update delays or limitations?
A: The Quarterly Trend is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of about two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly (TURCP020000IXNBQ), retrieved from FRED.