Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Switzerland
CHECPHP0600GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Switzerland measures changes in the prices of healthcare goods and services in Switzerland. It is a key indicator of inflationary pressures and consumer purchasing power.
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 basket of healthcare-related items and services, including medical products, outpatient services, hospital services, and other healthcare expenditures. It is used by policymakers, economists, and the public to understand trends in the cost of living and healthcare affordability.
Methodology
The data is collected through a monthly survey of consumer prices in Switzerland.
Historical Context
The Swiss Consumer Price Index for Health is closely monitored by the Swiss National Bank and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- Switzerland has one of the highest life expectancies in the world.
- Healthcare spending accounts for over 11% of Switzerland's GDP.
- The Swiss healthcare system is based on a compulsory private insurance model.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Health in Switzerland tracks the prices of a basket of healthcare goods and services, including medical products, outpatient services, hospital services, and other healthcare expenditures.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer purchasing power in the healthcare sector, which is an important part of the Swiss economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer prices in Switzerland.
Q: How is this trend used in economic policy?
A: The Swiss Consumer Price Index for Health is closely monitored by the Swiss National Bank and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and the index covers a representative basket of healthcare goods and services in Switzerland.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Switzerland (CHECPHP0600GPM), retrieved from FRED.