Consumer Price Index: OECD Groups: Goods: Total for Switzerland
CHECPGRGO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.14
Year-over-Year Change
344.82%
Date Range
4/1/1983 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Goods in Switzerland tracks changes in the prices of consumer goods, providing insight into inflation and consumer spending patterns.
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 in Switzerland is a key economic indicator used to measure the rate of inflation in the country. It represents the average change in prices paid by consumers for a basket of goods, excluding services.
Methodology
The data is collected by Switzerland's Federal Statistical Office through surveys of consumer spending and price changes.
Historical Context
Policymakers and analysts use this CPI data to inform monetary and fiscal policies, as well as to understand consumer demand and purchasing power.
Key Facts
- The base year for the Swiss CPI for Goods is 2015.
- Goods account for approximately 55% of the total Swiss CPI basket.
- The CPI for Goods in Switzerland reached a high of 101.81 in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Goods in Switzerland measures the average change in prices paid by consumers for a basket of consumer goods, excluding services.
Q: Why is this trend relevant for users or analysts?
A: This CPI data is crucial for understanding inflation, consumer spending patterns, and the overall health of the Swiss economy.
Q: How is this data collected or calculated?
A: The data is collected by Switzerland's Federal Statistical Office through surveys of consumer spending and price changes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI data to inform monetary and fiscal policies, as well as to understand consumer demand and purchasing power.
Q: Are there update delays or limitations?
A: The CPI for Goods in Switzerland is typically published on a monthly basis, with a lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Goods: Total for Switzerland (CHECPGRGO01GPQ), retrieved from FRED.