Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Turkey
TURCPHP0400GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.20
Year-over-Year Change
522.22%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Turkey measures the change in prices of these essential household goods and services. This metric is crucial for understanding inflation and the cost of living in the country.
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 Harmonized CPI for Housing, Water, Electricity, Gas and Other Fuels in Turkey is a subcomponent of the overall CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. This housing-focused index is widely used by policymakers, economists, and analysts to assess inflationary pressures and make informed decisions.
Methodology
The data is collected through surveys of households and businesses and calculated by the Turkish Statistical Institute.
Historical Context
This CPI component is a key input for monetary policy and economic analysis in Turkey.
Key Facts
- Turkey's housing and utilities CPI reached a high of 470.48 in 2022.
- The index has risen over 200% since 2015 due to high inflation.
- Shelter and energy costs are major drivers of the overall increase.
FAQs
Q: What does this economic trend measure?
A: The Harmonized CPI for Housing, Water, Electricity, Gas and Other Fuels in Turkey tracks the change in prices for these essential household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflation and the cost of living in Turkey, which is a key input for policymakers, economists, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses and calculated by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: The housing and utilities CPI is a key input for monetary policy and economic analysis in Turkey.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant delays, providing timely insights into housing and utilities inflation in Turkey.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Turkey (TURCPHP0400GPM), retrieved from FRED.