Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Turkey
CP0722TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,286.22
Year-over-Year Change
16.76%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment in Turkey measures the change in prices for these items over time. It is a key indicator of inflationary pressures 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 HICP is a standardized measure of consumer price inflation across the European Union. The Fuels and Lubricants for Personal Transport Equipment component tracks the prices of energy sources used for private transportation, providing insights into the cost of living and household budgets.
Methodology
The data is collected through surveys of consumer transactions and compiled by the Turkish Statistical Institute.
Historical Context
Policymakers and analysts use this index to assess the impact of energy costs on the broader economy and inform decisions around monetary and fiscal policies.
Key Facts
- Turkey is a major energy consumer in the OECD.
- Fuel and lubricant costs account for a significant portion of household budgets.
- The HICP is a harmonized metric used across the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment in Turkey measures the change in prices for these items over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the cost of living and household budgets, as well as the impact of energy costs on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer transactions and compiled by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of energy costs and inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be lags or limitations in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Turkey (CP0722TRM086NEST), retrieved from FRED.