Consumer Price Index: Harmonized Prices: Energy: Total for Switzerland
CHECPHPEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.70
Year-over-Year Change
750.00%
Date Range
1/1/2005 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Energy: Total for Switzerland measures the changes in the prices of energy-related goods and services for households in Switzerland. This key indicator helps economists and policymakers assess inflationary pressures and the overall cost of living.
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
The Consumer Price Index: Harmonized Prices: Energy: Total for Switzerland is a sub-index of the harmonized consumer price index (HCPI), which is designed to facilitate international price comparisons across the European Union. This energy-focused index tracks the prices of electricity, gas, heating oil, and other fuels that are essential for household consumption.
Methodology
The data is collected through a nationwide survey of consumer prices by the Swiss Federal Statistical Office.
Historical Context
This index is used by the Swiss National Bank and other economic institutions to monitor inflation and make policy decisions.
Key Facts
- Energy accounts for around 10% of the Swiss consumer price index basket.
- The index is published monthly by the Swiss Federal Statistical Office.
- Switzerland has a highly energy-efficient economy compared to other European countries.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in the prices of energy-related goods and services for households in Switzerland, including electricity, gas, heating oil, and other fuels.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused index is an important indicator of inflationary pressures and the overall cost of living in Switzerland, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The Swiss National Bank and other economic institutions use this index to monitor inflation and make monetary policy decisions to maintain price stability in Switzerland.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely information on energy price trends in Switzerland.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Energy: Total for Switzerland (CHECPHPEN01GPM), retrieved from FRED.