Consumer Price Index: Education (COICOP 10): Total for Switzerland
CHECP100000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1983 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Education in Switzerland measures the change in prices for education-related goods and services. This metric is important for economists and policymakers to understand trends in the cost of education and its impact on the overall cost of living.
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 CPI for Education in Switzerland is a subcomponent of the broader CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. The Education CPI specifically focuses on the prices of items such as tuition, school supplies, and other education-related expenditures.
Methodology
The Swiss Federal Statistical Office collects price data from a sample of retailers and service providers to calculate the CPI.
Historical Context
The Education CPI is used by the Swiss government, central bank, and other economic analysts to assess inflationary pressures and inform policy decisions.
Key Facts
- The base year for the Swiss CPI is 2015.
- Education accounts for around 3% of the total CPI basket in Switzerland.
- The Education CPI has grown at a faster rate than the overall CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Education in Switzerland measures the change in prices for education-related goods and services, including tuition, school supplies, and other education-related expenditures.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is important for understanding inflationary pressures on the cost of education, which can have significant implications for households, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The Swiss Federal Statistical Office collects price data from a sample of retailers and service providers to calculate the CPI for Education.
Q: How is this trend used in economic policy?
A: The Education CPI is used by the Swiss government, central bank, and other economic analysts to assess inflationary pressures and inform policy decisions related to education, cost of living, and consumer spending.
Q: Are there update delays or limitations?
A: The Education CPI for Switzerland is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Switzerland (CHECP100000GPM), retrieved from FRED.