Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland
CHECP010000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.71
Year-over-Year Change
5.80%
Date Range
1/1/1960 - 10/1/2023
Summary
The Consumer Price Index for Food and Non-Alcoholic Beverages in Switzerland tracks the change in prices for these essential consumer goods and services. It is a key indicator of Swiss inflation and consumer spending patterns.
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 COICOP 01 index measures the price changes of food and non-alcoholic beverages purchased for consumption at home or outside the home in Switzerland. It is an important economic indicator used by policymakers and analysts to assess the cost of living and consumer purchasing power.
Methodology
The data is collected through surveys of consumer expenditures and price levels by the Swiss Federal Statistical Office.
Historical Context
This index helps inform Swiss monetary and fiscal policies aimed at maintaining price stability and economic growth.
Key Facts
- Switzerland uses the COICOP framework to categorize consumer expenditures.
- Food and non-alcoholic beverages account for over 15% of the Swiss CPI basket.
- The index uses 2015 as its base year.
FAQs
Q: What does this economic trend measure?
A: The COICOP 01 index measures the price changes of food and non-alcoholic beverages purchased by consumers in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of Swiss inflation and consumer spending patterns, helping inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The COICOP 01 index helps guide Swiss monetary and fiscal policies aimed at maintaining price stability and economic growth.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on food and beverage price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland (CHECP010000IXNBQ), retrieved from FRED.