Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Switzerland
CHECPHP0800IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.95
Year-over-Year Change
0.83%
Date Range
12/1/2004 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Switzerland tracks the changes in the prices of communication 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 economic indicator provides insights into the cost of communication products and services for Swiss consumers. It is a key measure used by policymakers and economists to understand inflationary pressures and consumer spending patterns.
Methodology
The data is collected through surveys of households and retailers by the Swiss Federal Statistical Office.
Historical Context
The communication component of the Consumer Price Index is closely monitored by the Swiss National Bank and other economic analysts.
Key Facts
- The index is based on 2015 = 100.
- Communication accounts for around 3.5% of the Swiss CPI basket.
- The index has shown moderate price increases in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Switzerland tracks the changes in the prices of communication goods and services in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures and consumer spending patterns related to communication services, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and retailers by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The communication component of the Consumer Price Index is closely monitored by the Swiss National Bank and other economic analysts to understand broader inflationary trends.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Switzerland (CHECPHP0800IXEBM), retrieved from FRED.