Consumer Price Index: OECD Groups: Housing: Total for Switzerland
CHECPGRHO01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
31.15%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Total for Switzerland measures the changes in housing costs for consumers in Switzerland. This key economic indicator provides insight into inflationary pressures and consumer purchasing power.
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 Consumer Price Index (CPI) tracks the average change in prices paid by consumers for a basket of goods and services. The Housing component reflects the costs associated with housing, including rent, utilities, and other shelter-related expenditures. This OECD-defined group provides a comprehensive measure of housing inflation in Switzerland.
Methodology
The Swiss Federal Statistical Office collects price data from a representative sample of consumer transactions to calculate the CPI.
Historical Context
Policymakers and analysts use the CPI-Housing metric to assess the impact of housing costs on the overall cost of living and to inform decisions on monetary policy and social programs.
Key Facts
- Switzerland's CPI-Housing has risen by 1.2% over the past year.
- Housing accounts for nearly 25% of the total CPI basket in Switzerland.
- The CPI-Housing metric is used to adjust social security payments and other government benefits.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Housing: Total for Switzerland measures the changes in housing-related costs for consumers in Switzerland, including rent, utilities, and other shelter expenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures and the cost of living in Switzerland, which is crucial for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Swiss Federal Statistical Office collects price data from a representative sample of consumer transactions to calculate the CPI-Housing index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the CPI-Housing metric to assess the impact of housing costs on the overall cost of living and to inform decisions on monetary policy and social programs.
Q: Are there update delays or limitations?
A: The CPI-Housing data is released monthly with a typical 1-2 month lag, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Total for Switzerland (CHECPGRHO01GPM), retrieved from FRED.