Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Turkey
CP1211TRM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,725.51
Year-over-Year Change
55.10%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Hairdressing Salons and Personal Grooming Establishments in Turkey measures changes in the prices paid by consumers for these services. This metric is a key indicator of inflationary pressures in the Turkish personal care 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
The HICP is a standardized measure of consumer price inflation used across the European Union. The Hairdressing Salons and Personal Grooming Establishments index provides insight into price dynamics within this specific industry, which is an important component of the broader Turkish services sector.
Methodology
Data for this HICP index is collected through surveys of service providers in Turkey.
Historical Context
Policymakers and analysts use this HICP component to assess inflationary trends and guide economic policies.
Key Facts
- Turkey is a major emerging market economy.
- Personal care services account for a significant portion of Turkish consumer spending.
- HICP data is used to calculate the ECB's inflation target.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Hairdressing Salons and Personal Grooming Establishments in Turkey measures changes in the prices paid by consumers for these services.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insight into inflationary pressures within the Turkish personal care services sector, which is an important part of the broader economy.
Q: How is this data collected or calculated?
A: Data for this HICP index is collected through surveys of service providers in Turkey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess inflationary trends and guide economic policies in Turkey.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or coverage limitations typical of consumer price index data.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Turkey (CP1211TRM086NEST), retrieved from FRED.