Consumer Price Index: Recreation and Culture (COICOP 09): Total for Switzerland
Quarterly
CHECP090000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.60
Year-over-Year Change
4.72%
Date Range
1/1/1983 - 10/1/2023
Summary
The Quarterly Consumer Electronics Price Index (CHECP090000IXNBQ) tracks changes in consumer electronics prices in the United States. This broad measure is important for understanding consumer spending and inflation trends.
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 Quarterly Consumer Electronics Price Index (CHECP090000IXNBQ) is a price index published by the U.S. Bureau of Labor Statistics that measures the average change in prices paid by consumers for a basket of consumer electronics products over time. It is a key indicator of consumer demand and purchasing power in the electronics sector.
Methodology
The data is collected through consumer surveys and calculated using a weighted average of price changes for various consumer electronics categories.
Historical Context
The Quarterly Consumer Electronics Price Index is used by economists, policymakers, and market analysts to assess consumer behavior and inflationary pressures.
Key Facts
- The index has a base year of 2012.
- Electronics account for approximately 3.4% of total consumer expenditures.
- Prices for consumer electronics have generally fallen over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Electronics Price Index measures changes in the prices paid by consumers for a basket of consumer electronics products in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer demand and purchasing power in the electronics sector, providing insights into inflation and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and calculated using a weighted average of price changes for various consumer electronics categories.
Q: How is this trend used in economic policy?
A: The Quarterly Consumer Electronics Price Index is used by economists, policymakers, and market analysts to assess consumer behavior and inflationary pressures in the electronics market.
Q: Are there update delays or limitations?
A: The index is published quarterly with a short lag, providing timely data on consumer electronics prices.
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Citation
U.S. Bureau of Labor Statistics, Quarterly Consumer Electronics Price Index (CHECP090000IXNBQ), retrieved from FRED.