Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Switzerland
CHECPGRSE01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.89
Year-over-Year Change
1.36%
Date Range
1/1/1970 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services in Switzerland tracks changes in the prices of various services consumed by households. This key economic indicator provides insights into inflationary pressures 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 Services in Switzerland is a subcomponent of the overall Swiss Consumer Price Index. It measures the price changes for a basket of services including housing, transportation, communication, recreation, and other service categories. The CPI for Services is a crucial metric for analyzing the country's inflation dynamics and consumer behavior.
Methodology
The data is collected through surveys of prices charged by service providers across Switzerland.
Historical Context
Policymakers and economists closely monitor the CPI for Services to understand the drivers of overall inflation and guide monetary and fiscal policies.
Key Facts
- The CPI for Services in Switzerland has a base year of 2015.
- Services account for over 60% of Switzerland's overall consumer spending.
- The CPI for Services is released monthly by the Swiss Federal Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Switzerland measures the changes in prices for a basket of various service categories consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a crucial indicator for understanding inflationary pressures and consumer spending patterns in Switzerland, which helps inform policymaking and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices charged by service providers across Switzerland.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the CPI for Services to guide monetary and fiscal policies aimed at managing inflation and supporting consumer spending in Switzerland.
Q: Are there update delays or limitations?
A: The CPI for Services data is released monthly by the Swiss Federal Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Switzerland (CHECPGRSE01IXOBM), retrieved from FRED.