Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Switzerland
CHECPGRLH01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.71
Year-over-Year Change
93.16%
Date Range
12/1/1983 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Services Less Housing in Switzerland measures the changes in prices for services in the country, excluding housing-related costs. This trend is an important economic indicator for policymakers and analysts monitoring Swiss inflation pressures.
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 Services Less Housing CPI is a subcomponent of the broader Consumer Price Index, which tracks the change in prices for a basket of consumer goods and services in Switzerland. This specific index provides insights into the price dynamics of the service sector, excluding the volatile housing component, giving a clearer picture of underlying inflationary trends.
Methodology
The data is collected through regular surveys of prices paid by consumers for a representative basket of services.
Historical Context
Policymakers and economists closely monitor the Services Less Housing CPI to assess the overall health of the Swiss economy and guide monetary policy decisions.
Key Facts
- The Services Less Housing CPI is a subcomponent of the broader Swiss CPI.
- This index excludes housing-related costs, providing a clearer picture of service sector inflation.
- The data is collected through regular surveys of consumer prices for services.
FAQs
Q: What does this economic trend measure?
A: The Services Less Housing CPI measures the change in prices for services in Switzerland, excluding housing-related costs.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the underlying inflationary pressures in the Swiss service sector, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices paid by consumers for a representative basket of services.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Services Less Housing CPI to assess the overall health of the Swiss economy and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly, with minimal update delays, and provides a comprehensive view of service sector inflation in Switzerland.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Switzerland (CHECPGRLH01GYM), retrieved from FRED.