Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Switzerland
CHECPHP0200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-200.00%
Date Range
1/1/2005 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Switzerland tracks the prices of alcohol, tobacco, and narcotics in Switzerland. This index is a key indicator of consumer inflation 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
This index is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It focuses specifically on the prices of alcoholic beverages, tobacco, and narcotics, providing insights into this important consumer expenditure category.
Methodology
The data is collected through periodic surveys of consumer prices by the Swiss Federal Statistical Office.
Historical Context
Policymakers and economists monitor this index to assess the cost-of-living and inflationary pressures in the Swiss market.
Key Facts
- Switzerland has one of the highest alcohol and tobacco prices in Europe.
- Alcoholic beverages account for about 3% of the Swiss consumer price index.
- Tobacco and narcotics make up around 2.5% of the Swiss consumer basket.
FAQs
Q: What does this economic trend measure?
A: This index measures the prices of alcoholic beverages, tobacco, and narcotics in Switzerland as part of the Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into a key component of consumer expenditures and inflationary pressures in the Swiss economy, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through periodic consumer price surveys by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the cost-of-living and inflationary pressures in the Swiss market, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag, and it may not capture all regional price variations within Switzerland.
Related Trends
International Merchandise Trade Statistics: Imports: Commodities for Switzerland
XTIMVA01CHM664S
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Switzerland
ULQEUL01CHQ661S
Sales: Retail Trade: Total Retail Trade: Value for Switzerland
CHESLRTTO02IXOBSAM
Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Switzerland
CHECPHP0700IXEBM
Infra-Annual Labor Statistics: Employment Rate Female: From 55 to 64 Years for Switzerland
LREM55FECHQ156S
Bank Regulatory Capital to Risk-Weighted Assets for Switzerland
DDSI05CHA156NWDB
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Switzerland (CHECPHP0200GPM), retrieved from FRED.