Consumer Price Index: OECD Groups: Services Less Housing: Total for Switzerland
CHECPGRLH01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.37
Year-over-Year Change
-29.63%
Date Range
4/1/1983 - 10/1/2023
Summary
The Consumer Price Index: OECD Groups: Services Less Housing: Total for Switzerland measures changes in the prices of services less housing for the Swiss economy. This indicator provides important insights into inflationary pressures 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
This index tracks the prices of a basket of services, excluding housing costs, for private households in Switzerland. It is used by economists and policymakers to understand underlying trends in the service sector and monitor the overall cost of living in the country.
Methodology
The data is collected through regular surveys of households and businesses by the Swiss Federal Statistical Office.
Historical Context
The services price index is a key input for the Swiss National Bank's monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- It covers a wide range of service categories, including transportation, communication, and recreation.
- Switzerland has a highly developed service-based economy.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of services, excluding housing costs, for private households in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: The services price index provides important insights into inflationary pressures and consumer spending patterns in the Swiss economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of households and businesses by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The services price index is a key input for the Swiss National Bank's monetary policy decisions, as it helps the central bank understand underlying inflationary dynamics in the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
Related Trends
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Percentage of Foreign Banks Among Total Banks for Switzerland
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Bank Deposits to GDP for Switzerland
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Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Switzerland
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services Less Housing: Total for Switzerland (CHECPGRLH01GPQ), retrieved from FRED.