Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Turkey
TURCP040000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.17
Year-over-Year Change
511.66%
Date Range
2/1/2005 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas, and Other Fuels in Turkey measures changes in the prices of these essential household goods and services. It provides valuable insights into inflation and the cost of living for 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
The CPI for Housing, Water, Electricity, Gas, and Other Fuels is a subcomponent of the overall Turkish Consumer Price Index. It tracks the prices of a basket of housing-related goods and services, including rent, utilities, and other household expenses. This metric is closely watched by policymakers and analysts to assess inflationary pressures and the financial well-being of Turkish households.
Methodology
The data is collected through surveys of Turkish consumers and businesses by the Turkish Statistical Institute.
Historical Context
The Housing CPI is used by the Central Bank of Turkey and other institutions to inform monetary policy decisions and evaluate the impact of economic conditions on Turkish households.
Key Facts
- The Housing CPI has a weight of about 24% in the overall Turkish CPI basket.
- Electricity and gas prices are the largest components of the Housing CPI, accounting for over 40% of the index.
- Housing costs have been a major driver of inflation in Turkey in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Housing, Water, Electricity, Gas, and Other Fuels in Turkey measures changes in the prices of these essential household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into inflationary pressures and the cost of living for Turkish consumers, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Turkish consumers and businesses by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: The Housing CPI is used by the Central Bank of Turkey and other institutions to inform monetary policy decisions and evaluate the impact of economic conditions on Turkish households.
Q: Are there update delays or limitations?
A: The Housing CPI data is published monthly by the Turkish Statistical Institute, with typical release lags of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Turkey (TURCP040000GPM), retrieved from FRED.