Consumer Price Index: Education (COICOP 10): Total for Switzerland
CHECP100000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.75
Year-over-Year Change
1.78%
Date Range
12/1/1982 - 12/1/2023
Summary
The Consumer Price Index for Education in Switzerland measures changes in the prices paid by consumers for a basket of educational goods and services. This index is a key indicator of inflationary pressures in the Swiss education 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 Education CPI in Switzerland tracks the prices of tuition fees, textbooks, school supplies, and other costs associated with education. It is used by policymakers, economists, and market analysts to understand how educational expenses are evolving over time.
Methodology
The index is calculated by the Swiss Federal Statistical Office based on a survey of education-related prices across the country.
Historical Context
The Education CPI is monitored closely as part of Switzerland's overall inflation targeting and macroeconomic policy management.
Key Facts
- Education accounts for about 6% of the Swiss consumer price basket.
- The Education CPI has risen by an average of 1.2% per year over the past decade.
- Switzerland has one of the highest-ranked education systems globally.
FAQs
Q: What does this economic trend measure?
A: The Education CPI for Switzerland tracks changes in the prices of a basket of educational goods and services, including tuition, textbooks, and other education-related costs.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important indicator of inflationary pressures in the education sector, which is closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The index is calculated by the Swiss Federal Statistical Office based on a survey of education-related prices across the country.
Q: How is this trend used in economic policy?
A: The Education CPI is monitored as part of Switzerland's overall inflation targeting and macroeconomic policy management.
Q: Are there update delays or limitations?
A: The Education CPI 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 (CHECP100000IXNBM), retrieved from FRED.