Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland
CHECP010000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.72
Year-over-Year Change
-15.15%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index for Food and Non-Alcoholic Beverages in Switzerland measures changes in the prices of food and non-alcoholic drink items purchased by consumers. This is a key economic indicator used to track inflation and assess the cost of living.
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 Food and Non-Alcoholic Beverages CPI is a sub-index of the overall Consumer Price Index in Switzerland. It provides detailed insight into price movements for a critical category of consumer expenditures, allowing economists and policymakers to better understand and respond to inflationary pressures.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
This index is monitored closely by the Swiss National Bank and other authorities to inform monetary policy decisions.
Key Facts
- The CPI for Food and Non-Alcoholic Beverages in Switzerland has a base year of 2015.
- This index makes up around 16% of the overall Swiss CPI basket.
- Prices for this category have risen by an average of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Food and Non-Alcoholic Beverages in Switzerland measures changes in the retail prices of food and non-alcoholic drink items purchased by consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and the cost of living in Switzerland, providing important insight for economists, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The Food and Non-Alcoholic Beverages CPI is closely monitored by the Swiss National Bank and other authorities to inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and the index is subject to revisions over time as more complete information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland (CHECP010000GPM), retrieved from FRED.