Consumer Price Index: Transport (COICOP 07): Total for Switzerland
CHECP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.58
Year-over-Year Change
383.33%
Date Range
4/1/1983 - 10/1/2023
Summary
The Consumer Price Index for Transport (COICOP 07) measures changes in the prices of goods and services related to transportation in Switzerland. This trend is a key indicator of inflationary pressures and consumer spending in 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 Transport CPI tracks the prices of items such as private transportation, public transport, and operation of personal transport equipment. It is a valuable metric for economists and policymakers to assess the cost of living and consumer demand trends in Switzerland.
Methodology
The data is collected through regular surveys of consumer prices by the Swiss Federal Statistical Office.
Historical Context
The Transport CPI is widely used to inform monetary policy decisions by the Swiss National Bank.
Key Facts
- The base year for the Transport CPI is 2015.
- Transport accounts for around 14% of the total CPI basket in Switzerland.
- The Transport CPI has increased by 6.2% over the past 12 months.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Transport (COICOP 07) measures changes in the prices of goods and services related to transportation in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key indicator of inflationary pressures and consumer spending trends in the Swiss economy, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The Transport CPI is widely used to inform monetary policy decisions by the Swiss National Bank.
Q: Are there update delays or limitations?
A: The Transport CPI data is released on a monthly basis with a short delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Switzerland (CHECP070000GPQ), retrieved from FRED.