Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Turkey
TURCPHP0700IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
900.02
Year-over-Year Change
70.05%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Turkey measures changes in the prices of transportation goods and services for Turkish consumers.
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 a key economic indicator that reflects changes in consumer spending power and inflation in Turkey's transportation sector. Economists and policymakers analyze it to gauge the overall cost of living and inform monetary and fiscal policies.
Methodology
The data is collected through surveys of consumer purchases and calculated using a standard indexing formula.
Historical Context
The transport CPI is used to monitor price stability and inform monetary policy decisions in Turkey.
Key Facts
- The index has a base year of 2015.
- Transport accounts for around 15% of the Turkish CPI basket.
- Prices for fuels, vehicles, and public transport are included.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Turkey measures changes in the prices of transportation goods and services for consumers in Turkey.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer spending power in Turkey's transportation sector, which is crucial for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The data is collected through consumer purchase surveys and calculated using a standard indexing formula.
Q: How is this trend used in economic policy?
A: The transport CPI is used by the Turkish central bank and government to monitor price stability and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Turkey (TURCPHP0700IXEBM), retrieved from FRED.