Consumer Price Index: Rent, Repairs, and Maintenance for Turkey
CPSEHO05TRA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.74
Year-over-Year Change
177.20%
Date Range
1/1/1982 - 1/1/2017
Summary
The Consumer Price Index: Rent, Repairs, and Maintenance for Turkey measures the changes in the cost of housing-related services in Turkey. This trend is a key indicator of inflationary pressures and the overall cost of living.
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 Consumer Price Index: Rent, Repairs, and Maintenance for Turkey tracks the prices paid by Turkish consumers for rent, home repairs, and maintenance services. This index is an important component of the broader Consumer Price Index and provides insights into the costs faced by households.
Methodology
The data is collected through surveys of Turkish households and businesses.
Historical Context
This trend is monitored by policymakers and analysts to assess the state of the Turkish economy and inform policy decisions.
Key Facts
- The index is published monthly by the U.S. Federal Reserve.
- Turkey's housing costs have risen by 8.2% over the past year.
- Rent accounts for the largest share of the index, around 70%.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Rent, Repairs, and Maintenance for Turkey measures the changes in the cost of housing-related services in Turkey, including rent, home repairs, and maintenance.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost of living in Turkey and the inflationary pressures facing households. It is closely monitored by policymakers and economists to assess the state of the Turkish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Turkish households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor inflationary pressures and the overall cost of living in Turkey, which informs policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical update delay of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Rent, Repairs, and Maintenance for Turkey (CPSEHO05TRA661N), retrieved from FRED.