Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Switzerland
CP0721CHM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.03
Year-over-Year Change
0.34%
Date Range
12/1/2004 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Spare Parts and Accessories for Personal Transport Equipment in Switzerland measures the price changes of these goods over time. This data is crucial for understanding Swiss consumer spending and inflation trends.
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 HICP is a standardized measure of consumer price inflation across European Union countries. The Spare Parts and Accessories for Personal Transport Equipment component specifically tracks the prices of items like tires, batteries, and other auto parts purchased by Swiss consumers.
Methodology
The data is collected through surveys of Swiss retailers and service providers.
Historical Context
Policymakers and analysts use this HICP component to assess the affordability of vehicle maintenance and its impact on overall consumer costs.
Key Facts
- The HICP tracks price changes across a basket of consumer goods and services.
- Auto parts and maintenance account for a significant portion of household budgets.
- This data is used to monitor Swiss inflationary pressures and cost-of-living trends.
FAQs
Q: What does this economic trend measure?
A: This HICP component measures the prices of spare parts and accessories for personal vehicles purchased by consumers in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the affordability of vehicle maintenance and repair, which is an important factor in overall consumer spending and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swiss retailers and service providers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to assess the impact of vehicle-related costs on consumer budgets and the broader Swiss economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month delay, providing timely insights into inflation trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Switzerland (CP0721CHM086NEST), retrieved from FRED.