Consumer Price Index: Food for Turkey
Annual
TURCPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
187.52
Year-over-Year Change
211.53%
Date Range
1/1/1963 - 1/1/2017
Summary
The Annual Consumer Price Index for Food and Drink measures the change in retail prices for food and non-alcoholic beverages in Turkey. It is a key indicator of inflation and consumer purchasing power.
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 Annual Consumer Price Index for Food and Drink tracks price changes for a broad basket of food and non-alcoholic drink items in Turkey. It is used by economists, policymakers, and consumers to understand broader inflationary trends and the cost of living in the country.
Methodology
The data is collected monthly by Turkey's statistical agency through surveys of retail outlets.
Historical Context
This index is closely watched by the Turkish Central Bank and other economic institutions when setting monetary and fiscal policies.
Key Facts
- Turkey's food inflation rate was 70.3% in 2022.
- Food and drink make up over 25% of the Turkish CPI basket.
- Rapid food price growth has contributed to high overall inflation in Turkey.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index for Food and Drink measures the change in retail prices for a basket of food and non-alcoholic beverage items in Turkey.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer purchasing power in Turkey, used by policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The data is collected monthly by Turkey's statistical agency through surveys of retail outlets across the country.
Q: How is this trend used in economic policy?
A: The Turkish Central Bank and other institutions closely monitor this index when setting monetary and fiscal policies to manage inflation.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short delay, providing timely insights into food price trends in Turkey.
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Citation
U.S. Federal Reserve, Annual Consumer Price Index for Food and Drink (TURCPIFODAINMEI), retrieved from FRED.