Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Turkey
00XEFDTRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,134.02
Year-over-Year Change
36.54%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco for Turkey measures changes in the price level of a basket of consumer goods and services, excluding volatile components.
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 HICP Excluding Energy, Food, Alcohol, and Tobacco is a key economic indicator used to assess underlying inflationary pressures in the Turkish economy. It provides a more stable measure of inflation by removing price fluctuations in certain sectors.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a chained Laspeyres formula.
Historical Context
This index is closely monitored by the Central Bank of Turkey and international institutions for monetary policy decisions and economic analysis.
Key Facts
- Excludes volatile components to provide a more stable measure of inflation.
- Helps the Central Bank of Turkey assess underlying price pressures.
- Used by international institutions for economic analysis and policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy, Food, Alcohol, and Tobacco for Turkey measures changes in the price level of a basket of consumer goods and services, excluding volatile components.
Q: Why is this trend relevant for users or analysts?
A: This index provides a more stable measure of underlying inflationary pressures in the Turkish economy, which is crucial for monetary policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated using a chained Laspeyres formula.
Q: How is this trend used in economic policy?
A: The HICP Excluding Energy, Food, Alcohol, and Tobacco for Turkey is closely monitored by the Central Bank of Turkey and international institutions for monetary policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and potential limitations in the survey coverage, which should be considered when interpreting the results.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Turkey (00XEFDTRM086NEST), retrieved from FRED.