Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Turkiye
TURCPHP0400IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,123.92
Year-over-Year Change
68.63%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Turkiye measures the price changes for a basket of housing-related goods and services in Turkiye. It is a key indicator of inflationary pressures in the Turkiye 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 larger Harmonized Index of Consumer Prices (HICP) framework used across Europe to track consumer price inflation. It focuses specifically on the housing component, which includes costs related to shelter, utilities, and other housing expenditures for Turkish households.
Methodology
The index is calculated monthly by Turkiye's statistical agency based on a survey of consumer prices.
Historical Context
Policymakers and analysts use this index to understand housing-related inflationary trends and make informed economic decisions.
Key Facts
- The index has a base year of 2015.
- Housing costs account for over 25% of the Turkish consumer price basket.
- The index reached a record high in 2022 due to surging energy and utility prices.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in consumer prices for a basket of housing-related goods and services in Turkiye, including shelter, utilities, and other housing expenditures.
Q: Why is this trend relevant for users or analysts?
A: The housing component is a significant driver of overall consumer price inflation in Turkiye, so this index provides important insights into inflationary pressures facing Turkish households.
Q: How is this data collected or calculated?
A: The index is calculated monthly by Turkiye's statistical agency based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand housing-related inflationary trends and make informed decisions about monetary policy, government spending, and other economic interventions.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on housing-related inflation in Turkiye.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Turkiye (TURCPHP0400IXOBM), retrieved from FRED.