Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Switzerland
CHECP050000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.25
Year-over-Year Change
0.49%
Date Range
12/1/1982 - 12/1/2023
Summary
The Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05) measures the changes in the prices of goods and services related to furnishing, household equipment, and routine household maintenance in Switzerland.
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 index is a sub-component of the overall Swiss Consumer Price Index, which is a key measure of inflation and an important economic indicator used by policymakers and analysts to assess the state of the Swiss economy.
Methodology
The data is collected through surveys of consumer prices and calculated by the Swiss Federal Statistical Office.
Historical Context
The CPI COICOP 05 index is widely used to monitor household spending patterns and consumer behavior in Switzerland.
Key Facts
- The base year for the index is 2015 = 100.
- The index is published monthly by the Swiss Federal Statistical Office.
- Furnishings and household equipment account for around 5% of the Swiss CPI basket.
FAQs
Q: What does this economic trend measure?
A: The CPI COICOP 05 index measures the changes in the prices of goods and services related to furnishings, household equipment, and routine household maintenance in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This index is an important component of the overall Swiss Consumer Price Index, which is a key measure of inflation and consumer spending patterns in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The CPI COICOP 05 index is used by policymakers and analysts to monitor household spending and consumer behavior, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely data on household furnishings and equipment prices in Switzerland.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Switzerland (CHECP050000IXNBM), retrieved from FRED.