Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Switzerland
CHECP020000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.46
Year-over-Year Change
3.72%
Date Range
1/1/1983 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Switzerland tracks changes in the prices of these products over time, providing insights into consumer spending and inflation.
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 CPI sub-index measures the price changes for a basket of alcoholic beverages, tobacco products, and narcotics purchased by Swiss consumers. It is a key indicator used to monitor inflation and consumer trends within this spending category.
Methodology
The Swiss Federal Statistical Office collects price data from a sample of retail outlets to calculate this CPI component.
Historical Context
Policymakers and economists analyze this CPI sub-index to understand consumption patterns and inflationary pressures in the Swiss economy.
Key Facts
- Switzerland's CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 2015.
- This sub-index accounts for approximately 3.5% of the total Swiss CPI basket.
- Prices in this category have risen by an average of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This CPI sub-index measures changes in the prices of alcoholic beverages, tobacco products, and narcotics purchased by consumers in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insights into inflationary pressures and consumption patterns within an important spending category for Swiss households.
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 CPI sub-index.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this CPI sub-index to understand inflation dynamics and consumer behavior in the Swiss economy.
Q: Are there update delays or limitations?
A: This CPI sub-index is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Switzerland (CHECP020000IXOBQ), retrieved from FRED.