Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Switzerland
CP1231CHM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.92
Year-over-Year Change
-0.21%
Date Range
12/1/2004 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches in Switzerland tracks the price changes of these consumer goods over time. This trend is an important indicator of inflation and consumer demand in the Swiss luxury goods market.
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 for Jewellery, Clocks and Watches measures the monthly change in prices for these consumer products in Switzerland. It is a key component of the broader HICP, which is the standard metric used to measure and compare inflation rates across European Union member states.
Methodology
The data is collected through consumer surveys and point-of-sale records.
Historical Context
Policymakers and analysts use this HICP trend to assess inflationary pressures and consumer spending patterns in the Swiss luxury goods sector.
Key Facts
- Switzerland is a global leader in luxury watch manufacturing.
- The Swiss HICP for Jewellery and Watches accounts for over 1% of the total HICP basket.
- Luxury goods prices tend to be less volatile than broader consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Jewellery, Clocks and Watches measures the monthly change in prices for these consumer products in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of inflation and consumer demand in the Swiss luxury goods market, which is crucial for policymakers and analysts to assess.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and point-of-sale records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP trend to assess inflationary pressures and consumer spending patterns in the Swiss luxury goods sector.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insights into the Swiss luxury goods market.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Switzerland (CP1231CHM086NEST), retrieved from FRED.