Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Turkey
TURCP040100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.97
Year-over-Year Change
79.51%
Date Range
2/1/2005 - 11/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Turkey measures the change in housing costs, a key component of consumer inflation 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 economic indicator tracks the prices paid by Turkish consumers for actual housing rentals, including utilities like water, electricity, and gas. It is a critical measure of the cost of living and an important input for policymakers and analysts assessing the state of the Turkish economy.
Methodology
The data is collected through a nationwide survey of consumer prices by the Turkish Statistical Institute.
Historical Context
This index is widely used by the Central Bank of Turkey and other institutions to monitor inflationary pressures and guide economic policies.
Key Facts
- Turkey's housing costs make up around 30% of the overall consumer price index.
- Rental prices have risen by over 50% in the past 5 years in major Turkish cities.
- Tracking housing costs is crucial for the Central Bank of Turkey's inflation targeting policies.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices paid by Turkish consumers for actual housing rentals, including utilities like water, electricity, and gas.
Q: Why is this trend relevant for users or analysts?
A: Housing costs are a major component of the cost of living in Turkey, so this index is a critical measure of inflationary pressures and an important input for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: This index is widely used by the Central Bank of Turkey and other institutions to monitor inflationary pressures and guide economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and provides comprehensive coverage of housing rental costs across Turkey.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Turkey (TURCP040100GPM), retrieved from FRED.