Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Turkiye
TURCPHP0702GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.60
Year-over-Year Change
-86.76%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Turkiye measures changes in the prices paid by consumers for fuel and lubricants needed to operate private vehicles. This indicator provides insights into energy costs and transportation affordability.
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 Fuels and Lubricants for Personal Transport Equipment in Turkiye is a subcategory of the overall CPI that tracks price changes for energy products essential for private transportation. This metric is used by policymakers and economists to assess the impact of energy prices on household budgets and consumer spending.
Methodology
The Turkish Statistical Institute collects data on fuel and lubricant prices from a nationwide sample of retail outlets to calculate this index.
Historical Context
Trends in this CPI component are closely monitored by central banks and finance ministries to gauge inflationary pressures and the cost-of-living impacts on consumers.
Key Facts
- The CPI for Fuels and Lubricants in Turkiye has a base year of 2019.
- This index is updated monthly by the Turkish Statistical Institute.
- Prices of gasoline, diesel, and motor oils are included in this CPI component.
FAQs
Q: What does this economic trend measure?
A: The CPI for Fuels and Lubricants for Personal Transport Equipment in Turkiye measures changes in the prices paid by consumers for the energy products needed to operate private vehicles.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into energy costs and transportation affordability, which are key factors in assessing consumer spending patterns and inflationary pressures.
Q: How is this data collected or calculated?
A: The Turkish Statistical Institute collects price data from a nationwide sample of retail outlets to calculate this CPI component.
Q: How is this trend used in economic policy?
A: Trends in this CPI component are closely monitored by central banks and finance ministries to gauge inflationary pressures and the cost-of-living impacts on consumers.
Q: Are there update delays or limitations?
A: This CPI index is updated monthly by the Turkish Statistical Institute with no significant publication delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Turkiye (TURCPHP0702GYM), retrieved from FRED.