Consumer Price Index: Health (COICOP 06): Total for Switzerland
CHECP060000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.09
Year-over-Year Change
-259.48%
Date Range
4/1/1983 - 10/1/2023
Summary
The Consumer Price Index: Health (COICOP 06): Total for Switzerland measures changes in the prices of healthcare goods and services purchased by Swiss consumers. It is a key indicator of inflationary pressures and cost-of-living trends 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
This index tracks the prices of a basket of healthcare-related items including medical services, pharmaceuticals, and medical equipment. It is used by policymakers, economists, and analysts to assess healthcare affordability and inflationary dynamics within the Swiss consumer market.
Methodology
The data is collected through a nationwide survey of prices charged to consumers for various healthcare products and services.
Historical Context
The Swiss Consumer Price Index is closely monitored by the Swiss National Bank to support monetary policy decisions.
Key Facts
- The index is published monthly by the Swiss Federal Statistical Office.
- Healthcare accounts for approximately 15% of total consumer expenditures in Switzerland.
- Switzerland has one of the highest healthcare costs per capita among OECD countries.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Health (COICOP 06): Total for Switzerland measures changes in the prices of healthcare goods and services purchased by Swiss consumers.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and cost-of-living trends in the Swiss healthcare market, providing important insights for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices charged to consumers for various healthcare products and services.
Q: How is this trend used in economic policy?
A: The Swiss Consumer Price Index, including the healthcare component, is closely monitored by the Swiss National Bank to support monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Swiss Federal Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Switzerland (CHECP060000GPQ), retrieved from FRED.