Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland
CHECPHP0100IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.68
Year-over-Year Change
3.38%
Date Range
12/1/2004 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland measures the average change in prices paid by Swiss consumers for food and non-alcoholic beverages. This is a key indicator of inflationary pressures within 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
This index tracks the prices of a representative basket of food and non-alcoholic drink items typically consumed by Swiss households. It is an important economic statistic used to assess the overall cost of living and inflationary trends in Switzerland.
Methodology
The data is collected through surveys of retailers and service providers across Switzerland.
Historical Context
Swiss policymakers and central bankers closely monitor this index to inform monetary and fiscal policies.
Key Facts
- Switzerland has one of the lowest inflation rates in Europe.
- Food and non-alcoholic beverages account for about 16% of the Swiss CPI basket.
- Swiss CPI data is released monthly by the Swiss Federal Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This index measures the average change in prices paid by Swiss consumers for a basket of food and non-alcoholic beverage items.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and cost of living in Switzerland, and is closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Switzerland.
Q: How is this trend used in economic policy?
A: Swiss policymakers and the central bank use this index to inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Swiss CPI data is released monthly with a short delay, and is considered a reliable and comprehensive measure of food and beverage inflation.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland (CHECPHP0100IXEBM), retrieved from FRED.