Consumer Price Index: Transport (COICOP 07): Total for Turkey
Growth rate previous period, Quarterly
TURCP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.49
Year-over-Year Change
385.03%
Date Range
4/1/2005 - 7/1/2023
Summary
This economic trend measures the quarterly growth rate of total personal consumption expenditures, a key indicator of consumer demand and economic health.
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 growth rate previous period, quarterly indicator tracks the quarter-over-quarter percent change in total personal consumption expenditures, which includes consumer spending on goods and services. This metric is widely used by economists and policymakers to assess the strength of consumer demand and the overall direction of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Monitoring changes in this consumption growth rate helps inform monetary and fiscal policy decisions.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The consumption growth rate averaged 3.4% per quarter from 1950-2022.
- Rapid declines in this metric can signal an impending recession.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter percent change in total personal consumption expenditures, a key measure of consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in the consumption growth rate helps economists and policymakers assess the strength of the economy and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely track this metric to help guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (TURCP070000GPQ), retrieved from FRED.