Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland
CHECP010000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.99
Year-over-Year Change
3.33%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index for Food and Non-Alcoholic Beverages in Switzerland measures the change in prices for a basket of food and non-alcoholic beverage items. This key inflation indicator is closely watched by policymakers and analysts to assess the state of the Swiss economy.
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 COICOP 01 index tracks price changes for a comprehensive range of food and non-alcoholic beverage items that make up a significant portion of household expenditures in Switzerland. It is a vital economic statistic used to gauge inflationary pressures and consumer purchasing power.
Methodology
The data is collected through regular surveys of retail establishments and service providers across Switzerland.
Historical Context
The food and non-alcoholic beverages index is a core component of Switzerland's overall consumer price index, which informs monetary policy decisions by the Swiss National Bank.
Key Facts
- Switzerland has one of the highest standards of living in the world.
- Food and non-alcoholic beverages account for over 12% of Swiss household expenditures.
- The COICOP 01 index has increased by an average of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Food and Non-Alcoholic Beverages in Switzerland tracks the change in prices for a basket of food and non-alcoholic beverage items.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer purchasing power in Switzerland, making it vital for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and service providers across Switzerland.
Q: How is this trend used in economic policy?
A: The food and non-alcoholic beverages index is a core component of Switzerland's overall consumer price index, which informs monetary policy decisions by the Swiss National Bank.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Switzerland (CHECP010000IXNBM), retrieved from FRED.