Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Turkiye
TURCPIENGQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
922.45
Year-over-Year Change
153.07%
Date Range
1/1/1994 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Turkiye measures the monthly change in the prices of energy goods and services, including electricity, natural gas, and motor fuels. It is a key indicator of inflationary pressures and consumer purchasing power.
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 Energy in Turkiye is a subcomponent of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The energy CPI is used by policymakers, economists, and the public to understand trends in energy costs and their impact on overall inflation.
Methodology
The Turkish Statistical Institute (TurkStat) collects price data from a sample of retail establishments to calculate the CPI for Energy.
Historical Context
The energy CPI is closely monitored by the Central Bank of Turkiye and influences monetary policy decisions aimed at maintaining price stability.
Key Facts
- The base year for the Turkiye CPI for Energy is 2015.
- Energy accounts for approximately 15% of the overall Turkiye CPI basket.
- Prices for electricity, natural gas, and motor fuels are the main components of the Turkiye energy CPI.
FAQs
Q: What does this economic trend measure?
A: The Turkiye CPI for Energy measures the monthly change in the prices of energy goods and services, including electricity, natural gas, and motor fuels.
Q: Why is this trend relevant for users or analysts?
A: The energy CPI is a key indicator of inflationary pressures and consumer purchasing power, and is closely monitored by policymakers for its influence on monetary policy decisions.
Q: How is this data collected or calculated?
A: The Turkish Statistical Institute (TurkStat) collects price data from a sample of retail establishments to calculate the CPI for Energy.
Q: How is this trend used in economic policy?
A: The energy CPI is closely monitored by the Central Bank of Turkiye and influences monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Turkiye CPI for Energy is published monthly with a short lag, providing timely data for economic analysis and policy decisions.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Turkiye (TURCPIENGQINMEI), retrieved from FRED.