YoY Change in Consumer Price Index (CPI) in Turkey
Turkey| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year Consumer Price Index (CPI) in Turkey measures the change in prices of goods and services purchased by consumers compared to the same month of the previous year. This data, released monthly by the Turkish Statistical Institute (TUIK), is crucial for evaluating inflation trends.
Year-on-year CPI data helps gauge the level of inflation. An increase in CPI indicates rising inflationary pressures, which could potentially reduce consumer purchasing power. Conversely, a decrease in CPI suggests deflationary risks and may improve consumer purchasing power.
This data serves as a key reference for policymakers in assessing inflation trends and formulating appropriate monetary policies. For instance, if CPI shows significant growth, the central bank may consider raising interest rates to curb inflation. Conversely, if CPI is decreasing, there might be a need to strengthen economic stimulus measures. Additionally, this information is vital for businesses and investors in forecasting inflation trends and economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
