Index 2015=100
TURCPIHICQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.98
Year-over-Year Change
24.71%
Date Range
1/1/1996 - 1/1/2015
Summary
The Consumer Price Index (CPI) for Turkey, 2015=100, measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation, which is closely monitored by economists and policymakers.
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 Turkey CPI 2015=100 is a widely used measure of consumer price inflation in Turkey. It tracks the prices of a representative basket of consumer goods and services, allowing for analysis of changes in the cost of living over time.
Methodology
The CPI is calculated by the Turkish Statistical Institute based on a survey of prices collected from retail outlets and service providers.
Historical Context
Policymakers at the Central Bank of Turkey closely follow the CPI to inform monetary policy decisions aimed at maintaining price stability.
Key Facts
- The base year for the Turkey CPI is 2015.
- The CPI basket contains over 400 representative goods and services.
- Turkey's CPI is published monthly by the Turkish Statistical Institute.
FAQs
Q: What does this economic trend measure?
A: The Turkey Consumer Price Index (CPI) 2015=100 measures changes in the prices paid by consumers for a basket of goods and services in Turkey.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation, which is closely monitored by economists, policymakers, and market participants to assess the overall price environment and cost of living.
Q: How is this data collected or calculated?
A: The Turkish Statistical Institute calculates the CPI based on a survey of prices collected from retail outlets and service providers across Turkey.
Q: How is this trend used in economic policy?
A: The Central Bank of Turkey uses the CPI as a primary input for setting monetary policy, with the goal of maintaining price stability and low inflation.
Q: Are there update delays or limitations?
A: The Turkey CPI is published monthly with a short lag, providing timely data on consumer price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index for Turkey, 2015=100 (TURCPIHICQINMEI), retrieved from FRED.