Consumer Price Index: Food for Turkey
TURCPIFODQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
202.76
Year-over-Year Change
30.42%
Date Range
1/1/1963 - 1/1/2018
Summary
The Consumer Price Index (CPI) for Food in Turkey measures the change in prices paid by consumers for a basket of food items. It is a key economic indicator used to track inflation and assess the cost of living.
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 Food in Turkey is a subcomponent of the overall CPI, which measures the average change in prices paid by consumers for a representative basket of goods and services. The food CPI is particularly important for policymakers and analysts in monitoring the cost of living and inflationary pressures.
Methodology
The data is collected by Turkey's statistical agency through surveys of consumer prices.
Historical Context
The food CPI is used by the Central Bank of Turkey and other institutions to inform monetary policy decisions and economic forecasts.
Key Facts
- Turkey's food CPI has risen by 30% over the past year.
- Food accounts for over 25% of the overall CPI basket in Turkey.
- The food CPI is a more volatile component of the broader CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food in Turkey measures the change in prices paid by consumers for a basket of food items.
Q: Why is this trend relevant for users or analysts?
A: The food CPI is a crucial indicator for monitoring inflation and the cost of living in Turkey, which is important for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected by Turkey's statistical agency through surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The food CPI is used by the Central Bank of Turkey and other institutions to inform monetary policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The food CPI data is published monthly with a short delay, and may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food for Turkey (TURCPIFODQINMEI), retrieved from FRED.