Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland
CHECPHP0100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Harmonized Prices: Food and Non-Alcoholic Beverages in Switzerland tracks changes in the price level of food and non-alcoholic beverages, which are key components of consumer spending.
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 Harmonized Prices: Food and Non-Alcoholic Beverages is an important economic indicator used to measure inflation and the cost of living in Switzerland. It is part of the larger Harmonized Index of Consumer Prices (HICP) framework developed by Eurostat.
Methodology
The data is collected through surveys of consumer purchases and prices from retailers across Switzerland.
Historical Context
Policymakers and analysts use this CPI data to inform monetary policy decisions and understand consumer spending patterns.
Key Facts
- The CPI for food and non-alcoholic beverages accounts for about 15% of the total HICP basket in Switzerland.
- Food price inflation reached a high of 4.5% in Switzerland in 2022.
- The CPI for food and non-alcoholic beverages is a key input for the Swiss National Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Harmonized Prices: Food and Non-Alcoholic Beverages measures changes in the price level of food and non-alcoholic drinks purchased by consumers in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend is important for understanding inflation and the cost of living in Switzerland, as food and non-alcoholic beverages are a significant portion of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and prices from retailers across Switzerland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI data to inform monetary policy decisions and understand consumer spending patterns in the Swiss economy.
Q: Are there update delays or limitations?
A: The CPI for food and non-alcoholic beverages in Switzerland is typically published on a monthly basis with a short delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland (CHECPHP0100GPM), retrieved from FRED.