Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Switzerland
CHECPHP0600IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.91
Year-over-Year Change
-0.25%
Date Range
12/1/2004 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Switzerland measures the overall price level of healthcare goods and services in Switzerland.
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 average change in prices paid by Swiss consumers for a basket of healthcare-related items, including medical products, appliances and equipment, as well as outpatient, hospital, and other healthcare services.
Methodology
The data is collected through surveys of consumers and businesses and calculated using a weighted average based on household expenditure patterns.
Historical Context
Policymakers and economists use this index to assess inflationary pressures and the cost of living in Switzerland.
Key Facts
- The index is published monthly by the Federal Statistical Office of Switzerland.
- Switzerland's healthcare system is largely funded through mandatory health insurance.
- Healthcare costs in Switzerland are among the highest in Europe.
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 healthcare-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding inflationary pressures and the cost of living in Switzerland, particularly as it relates to the healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses and calculated using a weighted average based on household expenditure patterns.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflationary pressures and the cost of living in Switzerland, which can inform decisions on monetary policy, healthcare policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The index is published monthly, with the latest data typically available within a few weeks of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Switzerland (CHECPHP0600IXEBM), retrieved from FRED.