Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Switzerland
CHECP120000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
-52.67%
Date Range
1/1/1983 - 12/1/2023
Summary
The Consumer Price Index for Miscellaneous Goods and Services in Switzerland measures the change in prices for a broad basket of personal care, financial, and other non-essential consumer goods and services. It is a key indicator of inflationary pressures 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 COICOP 12 index tracks the price changes for a wide range of items not covered in other major CPI components, such as personal care products, financial services, and recreational activities. It provides a comprehensive view of price dynamics in the Swiss consumer market beyond just essentials.
Methodology
The Swiss Federal Statistical Office collects price data from a sample of retail outlets and service providers to calculate the monthly COICOP 12 index.
Historical Context
The COICOP 12 index is monitored by the Swiss National Bank and other policymakers to assess inflationary trends and inform monetary policy decisions.
Key Facts
- The COICOP 12 index accounts for around 13% of the total Swiss CPI basket.
- Prices in the COICOP 12 category have risen at a slower pace than the overall CPI in recent years.
- Financial services and personal care products make up the largest shares of the COICOP 12 index.
FAQs
Q: What does this economic trend measure?
A: The COICOP 12 index measures the change in prices for a broad basket of miscellaneous goods and services in Switzerland, including personal care products, financial services, and recreational activities.
Q: Why is this trend relevant for users or analysts?
A: The COICOP 12 index provides a comprehensive view of price dynamics in the Swiss consumer market beyond just essential goods and services, making it a key indicator of overall inflationary pressures.
Q: How is this data collected or calculated?
A: The Swiss Federal Statistical Office collects price data from a sample of retail outlets and service providers to calculate the monthly COICOP 12 index.
Q: How is this trend used in economic policy?
A: The COICOP 12 index is monitored by the Swiss National Bank and other policymakers to assess inflationary trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The COICOP 12 index is published monthly with a lag of around two weeks, providing timely information on price developments in the Swiss economy.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Switzerland (CHECP120000GPM), retrieved from FRED.