Consumer Price Index: Recreation and Culture (COICOP 09): Total for Turkey
TURCP090000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.44
Year-over-Year Change
285.68%
Date Range
4/1/2005 - 7/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) for Turkey measures changes in the prices of goods and services related to recreation, entertainment, and cultural activities. This metric provides valuable insights into consumer spending patterns and inflation trends in Turkey's leisure and cultural sectors.
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 COICOP 09 index is a component of the broader Turkish Consumer Price Index, which tracks price changes across various consumer expenditure categories. This recreation and culture index is used by economists and policymakers to analyze consumer behavior, gauge inflationary pressures, and inform monetary and fiscal policies.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated by the Turkish Statistical Institute.
Historical Context
The COICOP 09 index is closely monitored by the Central Bank of the Republic of Turkey and other government agencies to assess the state of the Turkish economy.
Key Facts
- The base year for the COICOP 09 index is 2015.
- Recreation and culture account for approximately 6% of the Turkish consumer price basket.
- Prices for this category have risen by an average of 15% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The COICOP 09 index measures changes in the prices of goods and services related to recreation, entertainment, and cultural activities in Turkey.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures in Turkey's leisure and cultural sectors, which are key drivers of economic growth and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: The COICOP 09 index is closely monitored by the Central Bank of the Republic of Turkey and other government agencies to assess the state of the Turkish economy and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The COICOP 09 index is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Turkey (TURCP090000GPQ), retrieved from FRED.