Consumer Price Index: Food for Switzerland
CHECPIFODMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.45
Year-over-Year Change
1.58%
Date Range
2/1/1955 - 5/1/2018
Summary
The Consumer Price Index (CPI) for Food in Switzerland measures the changes in the prices of food and non-alcoholic beverages purchased by Swiss consumers. This metric is a key indicator of inflation and cost-of-living trends 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 CPI for Food in Switzerland is a subcomponent of the overall CPI, which tracks the prices of a basket of consumer goods and services. The food CPI specifically monitors changes in the cost of food and non-alcoholic drink items that are typically purchased for household consumption.
Methodology
The data is collected through regular surveys of retail prices across Switzerland.
Historical Context
The food CPI is closely watched by policymakers, economists, and consumers to understand inflationary pressures and the overall cost of living in the country.
Key Facts
- Switzerland's food CPI is a subcomponent of the overall CPI.
- The food CPI tracks prices of household food and non-alcoholic beverages.
- The food CPI is a key indicator of inflationary pressures in Switzerland.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food in Switzerland measures changes in the prices of food and non-alcoholic beverages purchased by Swiss consumers.
Q: Why is this trend relevant for users or analysts?
A: The food CPI is a crucial indicator of inflationary pressures and the overall cost of living in Switzerland, closely watched by policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices across Switzerland.
Q: How is this trend used in economic policy?
A: The food CPI is used by policymakers, central banks, and analysts to understand inflationary dynamics and the overall cost-of-living environment in the Swiss economy.
Q: Are there update delays or limitations?
A: The food CPI data is published regularly by the Swiss Federal Statistical Office, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food for Switzerland (CHECPIFODMINMEI), retrieved from FRED.