Consumer Price Index: Food for Switzerland
Annual
CHECPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.87
Year-over-Year Change
0.08%
Date Range
1/1/1955 - 1/1/2017
Summary
The 'Annual' economic trend measures the change in consumer prices across all items in OECD countries. It is a key indicator of inflation and overall price stability.
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 'Annual' trend tracks the year-over-year percent change in the OECD Consumer Price Index (CPI) for all items. This broad measure of consumer prices is used by economists and policymakers to assess inflationary pressures and the purchasing power of consumers.
Methodology
The OECD collects monthly CPI data from member countries and calculates the annual percent change.
Historical Context
Policymakers monitor this trend to help guide monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The OECD 'Annual' CPI averaged 3.6% in 2022.
- Inflation reached a multi-decade high of 10.5% in the OECD area in 2022.
- Central banks use the 'Annual' CPI to set interest rate policies.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percent change in consumer prices across all items in OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This broad measure of inflation is a key indicator used by economists and policymakers to assess price stability and the purchasing power of consumers.
Q: How is this data collected or calculated?
A: The OECD collects monthly CPI data from member countries and calculates the annual percent change.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to help guide monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The 'Annual' CPI data is published monthly with a short delay.
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Citation
U.S. Federal Reserve, Annual (CHECPIFODAINMEI), retrieved from FRED.