Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Turkiye
TURCPHP0702IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,158.10
Year-over-Year Change
12.63%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Turkiye measures the changes in prices paid by consumers for fuels and lubricants used in personal vehicles. This trend is crucial for understanding inflationary pressures and consumer spending patterns in the transportation sector.
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 component of the broader Consumer Price Index, which tracks the changes in the prices of a representative basket of consumer goods and services. This specific index focuses on the costs associated with operating personal vehicles, providing insights into household transportation expenditures.
Methodology
The data is collected by the Turkish Statistical Institute through surveys of prices paid by consumers at various retail outlets.
Historical Context
This index is used by policymakers, economists, and market analysts to assess the impact of fuel and lubricant prices on inflation and consumer behavior.
Key Facts
- The index has a base year of 2010.
- Fuel and lubricant costs account for a significant portion of household transportation expenditures.
- Fluctuations in this index can impact consumer spending and inflationary pressures in Turkiye.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in prices paid by consumers in Turkiye for fuels and lubricants used in personal transport equipment, such as private vehicles.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant because it provides insights into the inflationary pressures and consumer spending patterns related to transportation costs, which are a significant component of household budgets.
Q: How is this data collected or calculated?
A: The data is collected by the Turkish Statistical Institute through surveys of prices paid by consumers at various retail outlets.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this index to assess the impact of fuel and lubricant prices on inflation and consumer behavior, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Turkish Statistical Institute, but there may be occasional delays or limitations in data availability.
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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 (TURCPHP0702IXOBM), retrieved from FRED.