Switzerland - Consumer Price Index (CPI)




Switzerland: Consumer Price Index (CPI)

Mnemonic CPI.ICHE
Unit Index Dec2015=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.03 %
Data Dec 2019 101.69
Nov 2019 101.66

Series Information

Source Swiss Federal Statistics Office (SFSO)
Release Consumer Price Index
Frequency Monthly
Start Date 1/31/1957
End Date 12/31/2019

Switzerland: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) Dec 2019 101.69 101.66 Index Dec2015=100, NSA Monthly
Producer Price Index (PPI) Dec 2019 100.69 100.54 Dec 2015=100, NSA Monthly

Release Information

Description

In accordance with the International Monetary Fund's website:

Average measure of pure change in prices of goods and services bought for the purpose of consumption by the resident households in Switzerland.

Methodology

  • Population coverage: All private households residing permanently in Switzerland.
  • Geographic coverage: All of Switzerland; sample of 11 regions nationwide selected among the 7 major regions.
  • Item coverage: All goods and services bought by the reference population for the purposes of consumption; expenditure on direct taxes, cash gifts, gambling and illegal activities are excluded; the CPI has 12 main groups,122 groups of goods, 254 index positions and 1100 survey positions.
  • Classification system: As defined by the international product nomenclature COICOP (Classification of Individual Consumption by Purpose).
  • Sources of weights: The Household Budget Survey conducted by the Swiss Federal Statistical Office (FSO) during January-December T-2 among 3'000 private households of all socio-economic groups.
  • Time period of current weights: December T-1.
  • Frequency of weight updates: The Consumer Price Index is designed as a relative chain index which is reweighted annually in December.
  • Item selection: The selection of products is purposive; within item specification, price collectors, in cooperation with sales outlets representatives, select products with significant market share. With scanner data the best selling items per survey position are selected
  • Timing of price observation: Most prices are collected once a month during the first two weeks of the month. Fuel and gasoline prices are collected twice a month (at the beginning and at mid-month). Food and near food prices from the most important retailers are collected during for the 2 first weeks of the month using scanner data. In and out of season months are defined for fruits, clothing and some other products. Prices of some services are collected on a quarterly basis.
  • Method used to combine basic price observations: Separate indices are calculated for each index position, region and type of outlet. The indices represent the geometric mean of price ratios between the current and base period
  • Timeliness: Data are published within the first half of the month following the reference month.

Revisions

Only the final data is released. It is not subject to revision.

Notes

For more information, please refer to the summary methodology located on the International Monetary Fund's website.