Transcript Federal Department of Home Affairs FDHA Federal Statistical Office FSO Introduction of the Harmonised Index of Consumer Prices (HICP) in Switzerland Presented by Corinne Becker.

Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
Introduction of the Harmonised
Index of Consumer Prices (HICP)
in Switzerland
Presented by Corinne Becker Vermeulen
8-9 May 2008, UNECE Joint CPI meeting
Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
Contents
1. General conditions for introducing an HICP in Switzerland
2. Scope for adaptations
3. Impact on production process
4. Results
5. Outlook
INTRODUCTION OF THE HICP IN SWITZERLAND | Corinne Becker Vermeulen
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
1. General conditions
Bilateral Agreement on Statistics between the EU and
Switzerland: introduction of HICP legislation as of 2008
First publication of Swiss results 10 years after the HICP
introduction in Europe
Aim of the indicator: international comparison of price
evolution, aggregation of different country groups
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
2. Scope for adaptation
Main criterion: comparability
Existing methods of the Swiss CPI are comparable in many
fields, e.g.: calculation, annual weighting, classification,
definition of prices
Main adaptations:
• Coverage and weighting
• Frequency of price collection
• Specific adaptation of certain indicators (air tariffs, package
holidays, financial services, social protection)
INTRODUCTION OF THE HICP IN SWITZERLAND | Corinne Becker Vermeulen
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
2. Scope for adaptation
Differences in concept entail different weighting
Sources for HICP weighting:
HBS, National Accounts, Health Statistics
Main differences of weights:
• CPI – HICP: Housing (OOH included in CPI), Social
protection (collective households included in HICP)
• HICP CH – EU27: Health, Housing, Food
INTRODUCTION OF THE HICP IN SWITZERLAND | Corinne Becker Vermeulen
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
2. Scope for adaptation
Weighting in % of basket
30%
CPI CH 2008
25%
HICP CH 2008
HICP EU 27 2008
20%
15%
10%
INTRODUCTION OF THE HICP IN SWITZERLAND | Corinne Becker Vermeulen
MISCELLANEOUS G+S
RESTAURANTS AND
HOTELS
EDUCATION
RECREATION AND
CULTURE
COMMUNICATION
TRANSPORT
HEALTH
FURNISHINGS,
HOUSEHOLD
EQUIPMENT..
HOUSING, WATER, ...
CLOTHING AND
FOOTWEAR
ALCOHOLIC
BEVERAGES,
TOBACCO
0%
FOOD AND NONALCOHOLIC
BEVERAGES
5%
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
2. Scope for adaptation
Different treatment of services (air tariffs, package holidays):
parallel indicators for HICP and CPI
Additional indices developed for financial services and social
protection
Price collection period extended
INTRODUCTION OF THE HICP IN SWITZERLAND | Corinne Becker Vermeulen
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
3. Impact on production process
Price collection periodicity adapted to HICP regulation
Up to 2007: only prices of fresh food and fuels collected
monthly
As from 2008: most positions collected monthly
Prices collected annually increase from 360’000 to 600’000
Most prices enter both indicators
INTRODUCTION OF THE HICP IN SWITZERLAND | Corinne Becker Vermeulen
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
3. Impact on production process
Strategy for introduction of monthly price collection:
• Early preparation of IT application, early recruiting
• Strict separation of price collection from calculation
• Inclusion / exclusion of items defined in calculation module
• Information of the change in frequency: public, enterprises
• The impact of the new frequency will be analyzed
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
4. Results
• Base year: 2005, calculation of results 2005 to 2007
according to HICP methodology as far as possible
• Introduction as of 2008, publication primarily by Eurostat
• Difficulty: communication of differences CPI – HICP;
differences on all aggregated levels, mainly in the headings
for Housing and energy, Restaurants and hotels and
Miscellaneous goods and services
• Between 2006 and 2008, differences in annual and monthly rates never exceeded 0.2% and were not systematic
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
4. Results
Price evolution in Switzerland is still rather low in European
comparison
HICP ANNUAL %RATE T/(T-12)
4.0
3.5
3.0
EA 15
DE
FR
NL
UK
CH
2.5
2.0
1.5
1.0
0.5
INTRODUCTION OF THE HICP IN SWITZERLAND | Corinne Becker Vermeulen
3.2008
2.2008
1.2008
12.2007
11.2007
10.2007
9.2007
8.2007
7.2007
6.2007
5.2007
4.2007
3.2007
2.2007
1.2007
12.2006
11.2006
10.2006
9.2006
8.2006
7.2006
6.2006
5.2006
4.2006
3.2006
2.2006
1.2006
0.0
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Federal Department of Home Affairs FDHA
Federal Statistical Office FSO
5. Outlook
• Annual re-weighting
• Follow up of price collection frequency
• HICP needs will influence the CPI reforms
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