Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Switzerland
CHECP030000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.55
Year-over-Year Change
-16.87%
Date Range
1/1/1983 - 12/1/2023
Summary
The Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Switzerland measures the changes in prices for clothing and footwear items in the Swiss consumer basket. This is a key indicator for monitoring inflation and consumer spending in the Swiss economy.
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 03 index tracks the prices of a representative basket of clothing and footwear items purchased by Swiss consumers. It is an important component of the overall Consumer Price Index, which is used by the Swiss National Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Methodology
The data is collected through monthly surveys of retail prices across Switzerland.
Historical Context
Trends in the COICOP 03 index provide insight into consumer demand and pricing power within the Swiss fashion and apparel sector.
Key Facts
- The base year for the COICOP 03 index is 2015.
- Clothing and footwear account for about 3.8% of the total Swiss consumer basket.
- The index reached an all-time high of 101.5 in September 2022.
FAQs
Q: What does this economic trend measure?
A: The COICOP 03 index measures the changes in prices for a basket of clothing and footwear items purchased by Swiss consumers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into inflationary pressures and consumer spending patterns within the Swiss fashion and apparel sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly retail price surveys across Switzerland.
Q: How is this trend used in economic policy?
A: The COICOP 03 index is used by the Swiss National Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Switzerland (CHECP030000GPM), retrieved from FRED.