Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Turkiye
TURCPHPEN01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
931.12
Year-over-Year Change
37.56%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Turkiye measures the changes in the prices of energy-related goods and services purchased by Turkish consumers. It is a key indicator of inflationary pressures in the energy 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 Energy in Turkiye is a subcomponent of the broader Harmonized Index of Consumer Prices (HICP), which tracks the average change in the prices of consumer goods and services across the country. The energy CPI is used by economists and policymakers to monitor inflation and guide monetary and fiscal policies.
Methodology
The Turkish Statistical Institute (TurkStat) collects price data from a sample of retail outlets and service providers to calculate the CPI for Energy.
Historical Context
The energy CPI is an important input for the Central Bank of the Republic of Turkiye (CBRT) in setting interest rates and managing inflation.
Key Facts
- The energy CPI is a subcomponent of the broader HICP in Turkiye.
- The energy CPI is used by the CBRT to guide monetary policy decisions.
- TurkStat collects price data from a sample of retail outlets to calculate the energy CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Turkiye measures the changes in the prices of energy-related goods and services purchased by Turkish consumers.
Q: Why is this trend relevant for users or analysts?
A: The energy CPI is a key indicator of inflationary pressures in the energy sector and is used by economists and policymakers to monitor inflation and guide monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The Turkish Statistical Institute (TurkStat) collects price data from a sample of retail outlets and service providers to calculate the CPI for Energy.
Q: How is this trend used in economic policy?
A: The energy CPI is an important input for the Central Bank of the Republic of Turkiye (CBRT) in setting interest rates and managing inflation.
Q: Are there update delays or limitations?
A: The energy CPI data is published monthly by TurkStat, with typical update delays of a few weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Turkiye (TURCPHPEN01IXOBM), retrieved from FRED.