Harmonized Index of Consumer Prices: Purchase of Vehicles for Switzerland
CP0710CHM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.22
Year-over-Year Change
-1.97%
Date Range
12/1/2004 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles in Switzerland measures the inflation rate for automobile purchases. This is a key economic indicator used to assess consumer demand and price changes.
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 HICP is a comprehensive measure of inflation across the Eurozone, providing comparable price indices for different consumption categories. The Purchase of Vehicles component specifically tracks the prices paid by Swiss consumers for the acquisition of cars, motorcycles, and other vehicles.
Methodology
The HICP data is collected through surveys of prices charged by retailers and service providers.
Historical Context
Policymakers and analysts use this indicator to understand consumer spending patterns and inflationary pressures in the Swiss automobile market.
Key Facts
- The HICP is a comparable inflation measure across Eurozone countries.
- Vehicle purchases account for a significant portion of Swiss consumer spending.
- Rising vehicle prices can impact overall consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Purchase of Vehicles in Switzerland measures the inflation rate for automobile purchases by Swiss consumers.
Q: Why is this trend relevant for users or analysts?
A: The HICP Purchase of Vehicles indicator is an important gauge of consumer demand and price changes in the Swiss automobile market, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of prices charged by retailers and service providers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to understand consumer spending patterns and inflationary pressures in the Swiss automobile market, which can inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, but there may be some delays in reporting or revisions to previously released figures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for Switzerland (CP0710CHM086NEST), retrieved from FRED.