Consumer Price Index: Health (COICOP 06): Total for Switzerland
CHECP060000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.79
Year-over-Year Change
-0.30%
Date Range
12/1/1982 - 12/1/2023
Summary
The Consumer Price Index: Health (COICOP 06): Total for Switzerland measures the changes in the prices of healthcare goods and services in Switzerland. This metric is a key indicator of inflationary pressures and consumer purchasing power in the Swiss healthcare sector.
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: Health (COICOP 06): Total for Switzerland is a subcomponent of the broader Consumer Price Index that tracks the prices of a basket of common healthcare products and services. It provides insights into the cost of living and can inform policy decisions related to healthcare affordability and accessibility.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Swiss Federal Statistical Office.
Historical Context
Policymakers and economists use this trend to assess the impact of inflation on household budgets and the overall health of the Swiss economy.
Key Facts
- The index base year is 2015 = 100.
- Switzerland has one of the highest healthcare costs in Europe.
- Healthcare accounts for about 12% of Switzerland's total consumer expenditures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Health (COICOP 06): Total for Switzerland measures the changes in the prices of healthcare goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost of living and healthcare affordability in Switzerland, which is important for consumers, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the impact of inflation on household budgets and the overall health of the Swiss economy.
Q: Are there update delays or limitations?
A: The data is published monthly by the Swiss Federal Statistical Office with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Switzerland (CHECP060000IXNBM), retrieved from FRED.