Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Turkiye
TURCP090000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.83
Year-over-Year Change
-22.58%
Date Range
1/1/2006 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Turkiye measures changes in the prices of goods and services related to recreational activities and cultural events. This index is a key indicator of consumer spending patterns and inflationary pressures in the leisure and entertainment sectors.
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 Recreation and Culture in Turkiye is a component of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the prices of items related to hobbies, sports, cultural events, and other leisure activities, providing insights into consumer preferences and the cost of living.
Methodology
The data is collected through surveys of retail establishments and service providers across Turkiye.
Historical Context
Policymakers and economists use this index to assess the impact of inflation on household budgets and make informed decisions about fiscal and monetary policies.
Key Facts
- The CPI for Recreation and Culture in Turkiye has a base year of 2015.
- This index is one of the major components of the overall Consumer Price Index for Turkiye.
- Prices of recreational and cultural goods and services can be influenced by factors such as disposable income, consumer confidence, and changes in technology.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Turkiye measures changes in the prices of goods and services related to recreational activities and cultural events.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending patterns and inflationary pressures in the leisure and entertainment sectors, which is important for policymakers and economists to assess the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Turkiye.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the impact of inflation on household budgets and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the overall Consumer Price Index for Turkiye.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Turkiye (TURCP090000GYQ), retrieved from FRED.