Price Level of Consumption for Switzerland
PLOCONCHA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.95
Year-over-Year Change
16.72%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Switzerland is an economic indicator that measures the overall price level of consumer goods and services in the country. It is a key metric for understanding the purchasing power and cost of living 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
The Price Level of Consumption for Switzerland is an index that compares the prices of a basket of consumer goods and services in Switzerland to the prices of the same basket in a reference country, typically the United States. It provides insights into the relative affordability of consumer purchases in Switzerland compared to other economies.
Methodology
The data is calculated based on price surveys and expenditure patterns collected by national statistical agencies.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the competitiveness and living standards in Switzerland relative to other countries.
Key Facts
- Switzerland has one of the highest price levels for consumer goods and services in the world.
- The price level of consumption in Switzerland is over 60% higher than the United States.
- The high price level in Switzerland is driven by factors like high labor costs and strict regulations.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Switzerland measures the overall price level of consumer goods and services in the country, providing insights into the relative affordability of consumer purchases.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the cost of living and purchasing power in Switzerland, which is crucial for businesses, policymakers, and individuals making economic decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys and expenditure patterns collected by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this trend to assess the competitiveness and living standards in Switzerland relative to other countries, which informs economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of national statistical agencies, but it generally provides a reliable and timely measure of the price level of consumption in Switzerland.
Related Trends
Price Level of Consumption for Madagascar
PLOCONMGA622NUPN
Price Level of GDP, G-K method for Republic of Korea
PLOGDPKRA621NUPN
Price Level of Investment for Bermuda
PLOINVBMA624NUPN
Price Level of GDP, G-K method for Malta
PLOGDPMTA621NUPN
Price Level of GDP, average of GEKS-CPDW for Turkmenistan
PL2GDPTMA621NUPN
Price Level of GDP, average of GEKS-CPDW for Nicaragua
PL2GDPNIA621NUPN
Citation
U.S. Federal Reserve, Price Level of Consumption for Switzerland (PLOCONCHA622NUPN), retrieved from FRED.