Consumer Price Index: OECD Groups: Goods: Total for Switzerland
CHECPGRGO01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.48
Year-over-Year Change
-37.11%
Date Range
1/1/1983 - 12/1/2023
Summary
The Consumer Price Index (CPI) for Goods: Total in Switzerland, as published by the OECD, measures the change in prices for a basket of consumer goods in the Swiss economy. It is a key indicator of inflationary pressures and purchasing power.
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 Goods: Total in Switzerland is a comprehensive measure of the prices of consumer goods across various sectors of the Swiss economy. It is used by policymakers, economists, and the public to gauge the overall rate of inflation and assess the standard of living.
Methodology
The data is collected through surveys of retail prices and calculated using a weighted average of the prices of a representative basket of goods.
Historical Context
The CPI for Goods: Total is a critical input for monetary policy decisions and economic analysis in Switzerland.
Key Facts
- The base year for the Swiss CPI for Goods: Total is 2015.
- The index covers a wide range of consumer goods, including food, clothing, and household items.
- Switzerland has generally low and stable inflation rates compared to other developed economies.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Goods: Total in Switzerland measures the change in prices for a basket of consumer goods in the Swiss economy.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Goods: Total is a key indicator of inflationary pressures and purchasing power in Switzerland, making it important for policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated using a weighted average of the prices of a representative basket of goods.
Q: How is this trend used in economic policy?
A: The CPI for Goods: Total is a critical input for monetary policy decisions and economic analysis in Switzerland.
Q: Are there update delays or limitations?
A: The CPI for Goods: Total data is published monthly with minimal delays, providing timely information on inflation in the Swiss economy.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Goods: Total for Switzerland (CHECPGRGO01GPM), retrieved from FRED.