Harmonized Index of Consumer Prices: Communications for Turkey
CP0800TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
401.03
Year-over-Year Change
19.31%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Communications in Turkey measures the change in prices for communication-related goods and services. This key economic indicator provides insight into consumer price trends and is closely monitored by 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 HICP Communications index tracks the prices of a basket of communication-related items, including telephone and internet services, postal charges, and equipment like mobile phones. This data is a valuable tool for economists and analysts to assess the cost of living and inflationary pressures in the Turkish economy.
Methodology
The Turkish Statistical Institute collects price data from a representative sample of retailers to calculate the HICP Communications index.
Historical Context
Policymakers use the HICP data to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The base year for the HICP Communications index is 2015.
- Turkey is a member of the Eurozone, which uses the HICP as its primary inflation measure.
- Communication costs account for around 3.5% of the total HICP basket in Turkey.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Communications in Turkey measures the change in prices for communication-related goods and services, including telephone, internet, and postal charges.
Q: Why is this trend relevant for users or analysts?
A: The HICP Communications index provides valuable insight into inflationary pressures and the cost of living in the Turkish economy, which is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The Turkish Statistical Institute collects price data from a representative sample of retailers to calculate the HICP Communications index.
Q: How is this trend used in economic policy?
A: Policymakers use the HICP data, including the Communications index, to inform monetary and fiscal policies aimed at maintaining price stability in the Turkish economy.
Q: Are there update delays or limitations?
A: The HICP Communications data for Turkey is published monthly with a relatively short lag, making it a timely indicator of inflationary trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Communications for Turkey (CP0800TRM086NEST), retrieved from FRED.