Harmonized Index of Consumer Prices: Fish and Seafood for Turkey
CP0113TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,442.20
Year-over-Year Change
60.99%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Fish and Seafood for Turkey measures the changes in retail prices for fish and seafood products in Turkey. This metric is crucial for understanding food price 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 Harmonized Index of Consumer Prices (HICP) is a standard measure of consumer price inflation used across the European Union. The Fish and Seafood component tracks the prices of a basket of fish and seafood products representative of Turkish consumer expenditure.
Methodology
The data is collected through surveys of retail establishments and calculated using a chained index formula.
Historical Context
Policymakers and analysts monitor this index to assess the cost of living and make informed decisions about monetary and fiscal policies.
Key Facts
- The base year for the index is 2015 = 100.
- Fish and seafood account for around 2% of the Turkish consumer price basket.
- Prices are collected from a representative sample of retail outlets across Turkey.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Fish and Seafood for Turkey measures the changes in retail prices for a basket of fish and seafood products in Turkey.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding food price inflation and consumer purchasing power in Turkey, which is important for policymakers and analysts monitoring the cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a chained index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the cost of living and make informed decisions about monetary and fiscal policies in Turkey.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of around 2-3 weeks, and the index may not capture all changes in consumer preferences or product substitutions.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fish and Seafood for Turkey (CP0113TRM086NEST), retrieved from FRED.