Consumer Price Index: Harmonized Prices: All Items: Total for Switzerland
CPHPTT01CHA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
350.00%
Date Range
1/1/2006 - 1/1/2022
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Switzerland measures the overall change in prices for consumer goods and services in Switzerland. This key economic indicator is closely watched by policymakers and analysts to assess inflation and the cost of living.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across European Union countries. It tracks price changes for a basket of common consumer goods and services, providing a reliable gauge of price stability in the Swiss economy.
Methodology
The Swiss Federal Statistical Office collects price data from a representative sample of retail outlets and service providers to calculate the HICP.
Historical Context
The HICP is a crucial input for the Swiss National Bank's monetary policy decisions.
Key Facts
- Switzerland has one of the lowest inflation rates in Europe.
- The HICP covers around 700 individual goods and services.
- The base year for the Swiss HICP is 2015.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Switzerland measures the overall change in prices for consumer goods and services in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This key inflation indicator is closely watched by policymakers and analysts to assess the cost of living and price stability in the Swiss economy.
Q: How is this data collected or calculated?
A: The Swiss Federal Statistical Office collects price data from a representative sample of retail outlets and service providers to calculate the HICP.
Q: How is this trend used in economic policy?
A: The HICP is a crucial input for the Swiss National Bank's monetary policy decisions, as it helps them assess inflationary pressures and adjust interest rates accordingly.
Q: Are there update delays or limitations?
A: The Swiss HICP data is published monthly with a typical lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Switzerland (CPHPTT01CHA657N), retrieved from FRED.