Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Switzerland
CHECP020000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.03
Year-over-Year Change
-94.81%
Date Range
1/1/1983 - 12/1/2023
Summary
The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics (COICOP 02) in Switzerland measures the changes in prices for these consumer goods over time. This metric is closely monitored by economists and policymakers to assess trends in consumer spending and inflationary pressures.
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 02 index tracks the prices of a basket of alcoholic beverages, tobacco products, and narcotics purchased by Swiss consumers. It is a key component of the overall Consumer Price Index (CPI) and provides insight into consumption patterns and price dynamics in this specific category.
Methodology
The Swiss Federal Statistical Office collects price data from a sample of retail outlets to calculate this index.
Historical Context
Trends in COICOP 02 are used to inform monetary policy decisions and market analysis.
Key Facts
- The index has a base year of 2015.
- Alcoholic beverages account for the largest share of this index.
- The index reached its highest level in 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics (COICOP 02) measures the changes in prices for these consumer goods in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumption patterns and inflationary pressures in the alcoholic beverages, tobacco, and narcotics sector, which is a key component of the overall consumer price index.
Q: How is this data collected or calculated?
A: The Swiss Federal Statistical Office collects price data from a sample of retail outlets to calculate this index.
Q: How is this trend used in economic policy?
A: Trends in COICOP 02 are used by economists and policymakers to inform monetary policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Switzerland (CHECP020000GPM), retrieved from FRED.