Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Turkiye
TURCP060000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.71
Year-over-Year Change
-42.13%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Health in Turkiye measures the change in prices for a basket of healthcare goods and services. This key economic indicator provides insights into inflationary pressures and purchasing power in the healthcare 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 CPI for Health in Turkiye is part of the broader Consumer Price Index, which tracks the prices of a representative basket of consumer goods and services. The health component specifically monitors costs related to medical care, pharmaceuticals, and other healthcare expenditures.
Methodology
The data is collected through surveys of retailers and service providers across Turkiye.
Historical Context
Policymakers and analysts use the CPI for Health to assess cost-of-living changes and the overall state of the Turkish economy.
Key Facts
- The CPI for Health in Turkiye has a base year of 2015.
- Healthcare accounts for approximately 4% of the total CPI basket in Turkiye.
- Turkiye's CPI for Health has increased by an average of 15% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Turkiye measures the change in prices for a basket of healthcare goods and services, including medical care, pharmaceuticals, and other healthcare expenditures.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health provides insights into inflationary pressures and purchasing power in the healthcare sector, which is crucial for policymakers, consumers, and businesses to understand the cost-of-living dynamics in Turkiye.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Turkiye.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the CPI for Health to assess cost-of-living changes and the overall state of the Turkish economy, which informs decisions on monetary policy, healthcare spending, and other economic measures.
Q: Are there update delays or limitations?
A: The CPI for Health in Turkiye is published monthly, with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Turkiye (TURCP060000CTGYM), retrieved from FRED.