Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Switzerland
CPGRLE01CHM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
144.57%
Date Range
1/1/1960 - 12/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Switzerland measures changes in the prices of goods and services in Switzerland, excluding food and energy. This metric is crucial for understanding overall inflation trends and consumer purchasing power.
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
This index tracks price fluctuations across a broad basket of consumer goods and services in Switzerland, excluding volatile food and energy components. Economists and policymakers closely monitor this measure to gauge underlying inflationary pressures and the strength of the Swiss consumer economy.
Methodology
The data is collected through surveys of retailers and service providers across Switzerland.
Historical Context
This index is widely used by the Swiss National Bank and other institutions to inform monetary policy decisions.
Key Facts
- The index has a base year of 2015.
- The index reached its highest level in 2022 at 103.1.
- Switzerland has historically maintained low inflation rates compared to other developed economies.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a broad basket of consumer goods and services in Switzerland, excluding volatile food and energy components.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding underlying inflation trends and the strength of consumer purchasing power in Switzerland.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Switzerland.
Q: How is this trend used in economic policy?
A: The Swiss National Bank and other institutions use this index to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Switzerland (CPGRLE01CHM657N), retrieved from FRED.