Consumer Price Index: Communication (COICOP 08): Total for Switzerland
CHECP080000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.50
Year-over-Year Change
0.74%
Date Range
12/1/1982 - 12/1/2023
Summary
The Consumer Price Index for Communication (COICOP 08) tracks changes in the cost of communication goods and services in Switzerland. This index is a key indicator of inflationary pressures in the communication 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 Communication CPI measures the prices of a basket of communication-related items such as telephone and internet services, postal fees, and equipment. It is used by economists and policymakers to assess the impact of inflation on household budgets and to inform monetary policy decisions.
Methodology
The index is calculated by the Swiss Federal Statistical Office based on a monthly survey of retail prices.
Historical Context
The Communication CPI is monitored closely by the Swiss National Bank as part of its mandate to maintain price stability.
Key Facts
- The Communication CPI has a base year of 2015 = 100.
- Communication accounts for around 3.5% of the total Swiss CPI basket.
- The index has shown relatively stable year-over-year growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices of communication goods and services in Switzerland, including telephone, internet, postal, and related items.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures in the communications sector, which is vital for households and businesses.
Q: How is this data collected or calculated?
A: The index is calculated monthly by the Swiss Federal Statistical Office based on a survey of retail prices.
Q: How is this trend used in economic policy?
A: The Communication CPI is closely monitored by the Swiss National Bank as part of its mandate to maintain price stability in the country.
Q: Are there update delays or limitations?
A: The Communication CPI data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Switzerland (CHECP080000IXNBM), retrieved from FRED.