Consumer Price Index: Recreation and Culture (COICOP 09): Total for Turkey
TURCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
918.23
Year-over-Year Change
56.92%
Date Range
1/1/2005 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09): Total for Turkey measures the change in prices for goods and services related to recreation, culture, and entertainment in Turkey. This index is a key indicator of consumer spending and inflationary pressures in the Turkish economy.
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 Consumer Price Index: Recreation and Culture (COICOP 09): Total for Turkey is a component of the broader Turkish Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The recreation and culture index specifically focuses on measuring price changes for items like electronics, sports equipment, cultural activities, and recreational services.
Methodology
The data is collected by the Turkish Statistical Institute through periodic surveys of consumer prices.
Historical Context
Policymakers and analysts use this index to assess inflationary trends and consumer behavior in the Turkish recreation and culture sector.
Key Facts
- The index has a base year of 2015.
- Prices are collected across 26 cities in Turkey.
- Recreation and culture spending accounts for about 6% of the Turkish CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09): Total for Turkey measures the change in prices for goods and services related to recreation, culture, and entertainment in Turkey.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer spending and inflationary pressures in the Turkish economy, providing insights into an important sector of household expenditure.
Q: How is this data collected or calculated?
A: The data is collected by the Turkish Statistical Institute through periodic surveys of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary trends and consumer behavior in the Turkish recreation and culture sector, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Turkey (TURCP090000IXNBM), retrieved from FRED.