Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Turkey
TURCPHP0300IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
326.33
Year-over-Year Change
40.65%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Turkey measures changes in the prices of clothing and footwear items purchased by Turkish consumers. This metric is a key indicator of 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
This index is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of consumer price inflation used across European Union member states. It provides a comprehensive assessment of price movements for a basket of clothing and footwear goods and services commonly purchased by Turkish households.
Methodology
The data is collected through a nationwide survey of retail establishments by Turkey's national statistical agency.
Historical Context
Policymakers at the Central Bank of Turkey closely monitor this index as part of their inflation targeting framework.
Key Facts
- Turkey's clothing and footwear prices rose 10.2% year-over-year in the latest month.
- Clothing and footwear account for approximately 5% of the Turkish consumer price index basket.
- The index has a base year of 2015=100.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of clothing and footwear items purchased by Turkish consumers, providing insights into inflationary pressures in this spending category.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer inflation in Turkey and is closely watched by policymakers and economists to assess broader price dynamics in the economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail establishments by Turkey's national statistical agency.
Q: How is this trend used in economic policy?
A: The Central Bank of Turkey monitors this index as part of its inflation targeting framework, using it to help guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately two weeks.
Related Trends
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Turkey
TURCP120000IXNBM
Consumer Price Index: Harmonized Prices: Energy: Total for Turkey
TURCPHPEN01GPM
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Turkiye
TURPROMANQISMEI
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Turkey
TURULQECU01GPSAQ
Number of Bank Branches for Turkey
DDAI02TRA643NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Turkiye
LFHU24MATRA647S
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Turkey (TURCPHP0300IXEBM), retrieved from FRED.