Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Switzerland
CHECPGRLH01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.64
Year-over-Year Change
-356.47%
Date Range
1/1/1984 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Services Less Housing in Switzerland measures the change in prices for a basket of consumer services, excluding housing costs. This index is a key indicator of inflationary pressures in the Swiss economy.
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 CPI for Services Less Housing in Switzerland is a subcomponent of the overall CPI, which tracks the prices of a representative basket of consumer goods and services. This specific index focuses on the price movements of non-housing services, providing insights into a crucial segment of the Swiss economy.
Methodology
The data is collected through surveys of prices paid by consumers for a variety of services.
Historical Context
Policymakers and economists use this index to gauge the underlying trend in Swiss inflation, excluding the volatile housing component.
Key Facts
- The base year for the index is 2015 = 100.
- Services account for approximately 50% of the total CPI basket in Switzerland.
- The index is released monthly by the Swiss Federal Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for a basket of consumer services, excluding housing costs, in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services Less Housing is a key indicator of underlying inflationary pressures in the Swiss economy, excluding the volatile housing component.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers for a variety of services.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to gauge the underlying trend in Swiss inflation, which is important for informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly by the Swiss Federal Statistical Office, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Switzerland (CHECPGRLH01GYQ), retrieved from FRED.