Consumer Price Index: OECD Groups: Services Less Housing: Total for Switzerland
CHECPGRLH01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
72.90%
Date Range
1/1/1983 - 12/1/2023
Summary
The Consumer Price Index: OECD Groups: Services Less Housing: Total for Switzerland measures the price changes of services excluding housing in Switzerland. This metric is important for understanding inflationary pressures and the overall cost of living in the country.
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 series tracks the prices of various service-based goods and activities in Switzerland, excluding housing costs. It is a subcomponent of the broader consumer price index and provides insight into pricing trends across the service sector of the Swiss economy.
Methodology
The data is collected through surveys of Swiss households and businesses and aggregated by the Organization for Economic Cooperation and Development (OECD).
Historical Context
Policymakers and economists use this metric to analyze the drivers of inflation and the overall state of the Swiss economy.
Key Facts
- The index uses 2015 as the base year.
- Switzerland has historically had low and stable inflation rates.
- Service sector makes up over 70% of the Swiss economy.
FAQs
Q: What does this economic trend measure?
A: This metric measures the changes in prices for services, excluding housing costs, in Switzerland. It is a subcomponent of the broader consumer price index.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures and the overall cost of living in Switzerland, which is important for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swiss households and businesses and aggregated by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this metric to analyze inflation dynamics and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short delay, typically 1-2 months after the reference period.
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Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Switzerland
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services Less Housing: Total for Switzerland (CHECPGRLH01GPM), retrieved from FRED.