Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Turkiye
TURCPHP1000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,171.09
Year-over-Year Change
80.42%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Turkiye measures the changes in prices paid by consumers for educational goods and services. It is a key indicator of inflation and price trends in the education 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 Education in Turkiye is part of the broader Harmonized Index of Consumer Prices (HICP) and is categorized under the Classification of Individual Consumption by Purpose (COICOP) framework. It tracks the prices of various educational items and services, providing insights into the cost of education for Turkish households.
Methodology
The data is collected through regular price surveys of a representative basket of educational goods and services.
Historical Context
The CPI for Education is used by policymakers, economists, and market analysts to assess inflationary pressures and inform decisions related to education policy and spending.
Key Facts
- The CPI for Education in Turkiye has a base year of 1999.
- Education accounts for approximately 2.7% of the total HICP basket in Turkiye.
- The CPI for Education in Turkiye has shown an average annual increase of 14.5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Turkiye measures the changes in prices paid by consumers for educational goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Education is a key indicator of inflationary pressures in the education sector, providing insights into the cost of education for Turkish households.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative basket of educational goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Education is used by policymakers, economists, and market analysts to assess inflationary pressures and inform decisions related to education policy and spending.
Q: Are there update delays or limitations?
A: The CPI for Education in Turkiye is updated on a monthly basis, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Turkiye (TURCPHP1000IXOBM), retrieved from FRED.