Consumer Price Index: Health (COICOP 06): Total for Switzerland
Growth rate previous period
CHECP060000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.21
Year-over-Year Change
27.11%
Date Range
1/1/1983 - 12/1/2023
Summary
The growth rate previous period measures the monthly change in consumer expectations for the economy over the next 12 months. It is a key indicator of consumer sentiment and economic outlook.
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
This trend represents consumer expectations for the future state of the economy, which is an important factor in household spending and investment decisions. Economists and policymakers closely monitor changes in consumer expectations to understand consumer confidence and predict future economic activity.
Methodology
The data is collected through surveys of households and calculated as the month-over-month percent change.
Historical Context
The growth rate previous period is used to gauge consumer sentiment, which informs economic and monetary policy decisions.
Key Facts
- The growth rate previous period is published monthly by the Federal Reserve.
- It measures the change in consumer expectations for the economy over the next 12 months.
- This trend is a leading indicator of future consumer spending and economic activity.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period measures the monthly change in consumer expectations for the economy over the next 12 months.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer confidence and can help predict future economic activity and household spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and calculated as the month-over-month percent change.
Q: How is this trend used in economic policy?
A: The growth rate previous period is used by economists and policymakers to gauge consumer sentiment, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The growth rate previous period is published monthly by the Federal Reserve with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Growth rate previous period (CHECP060000GPM), retrieved from FRED.