Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Turkey
SRVRPPTRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
966.60
Year-over-Year Change
30.63%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Turkey measures changes in the prices of services related to package holidays and accommodation in Turkey. It is a key indicator for understanding consumer spending and inflationary trends in the Turkish tourism 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
This index tracks the prices of various services that make up package holidays and accommodation in Turkey, such as hotel stays, transportation, and leisure activities. It is used by economists and policymakers to assess the strength of the Turkish tourism industry and its impact on the broader economy.
Methodology
The data is collected through surveys of businesses and consumers in Turkey.
Historical Context
This index provides important insights for the Turkish government, central bank, and tourism industry as they monitor economic conditions and make policy decisions.
Key Facts
- The index is part of the Harmonized Index of Consumer Prices (HICP) for the Eurozone.
- Turkey is a major tourism destination, attracting over 50 million visitors annually.
- The tourism industry accounts for over 12% of Turkey's GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of services related to package holidays and accommodation in Turkey, such as hotel stays, transportation, and leisure activities.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the strength of the Turkish tourism industry and its impact on the broader economy, which is crucial for economists, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers in Turkey.
Q: How is this trend used in economic policy?
A: This index is used by the Turkish government, central bank, and tourism industry to monitor economic conditions and make informed policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short delay, making it a timely indicator of trends in the Turkish tourism sector.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Turkey (SRVRPPTRM086NEST), retrieved from FRED.