Consumer Price Index: Transport (COICOP 07): Total for Switzerland
CHECP070000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.66
Year-over-Year Change
13.19%
Date Range
1/1/1983 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Transport in Switzerland measures the changes in prices for goods and services related to transportation, including vehicles, fuel, and public transit. It is a key indicator of inflation and consumer spending patterns.
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 Transport CPI is a subcomponent of the overall Swiss Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This metric is widely used by economists, policymakers, and financial analysts to assess the cost of living and inflationary pressures in the Swiss economy.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Swiss Federal Statistical Office.
Historical Context
The Transport CPI is monitored closely by the Swiss National Bank and other institutions to inform monetary policy decisions.
Key Facts
- The Transport CPI represents about 15% of the overall Swiss CPI basket.
- Transport costs account for a significant portion of household budgets in Switzerland.
- The Transport CPI has shown greater volatility than the overall CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Transport in Switzerland measures the changes in prices for goods and services related to transportation, including vehicles, fuel, and public transit.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key indicator of inflation and consumer spending patterns in Switzerland, and is closely monitored by policymakers and economists to assess the cost of living and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The Transport CPI is monitored closely by the Swiss National Bank and other institutions to inform monetary policy decisions in Switzerland.
Q: Are there update delays or limitations?
A: The Transport CPI data is released on a monthly basis with minimal delays, providing timely insights into inflationary pressures in the Swiss economy.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Switzerland (CHECP070000IXNBQ), retrieved from FRED.