Harmonized Index of Consumer Prices: Wine for Sweden
CP0212SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.70
Year-over-Year Change
1.20%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Wine for Sweden measures the price changes of wine purchased by Swedish consumers. This metric is crucial for tracking inflation and guiding Swedish economic policy.
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 widely used measure of consumer price inflation in the European Union. The HICP: Wine for Sweden specifically tracks price changes for wine, providing insights into a key component of Swedish household spending and inflationary pressures.
Methodology
The data is collected through surveys of Swedish retail establishments and calculated using a standardized EU methodology.
Historical Context
Policymakers and analysts utilize the HICP: Wine for Sweden to understand Sweden's economic conditions and make informed decisions.
Key Facts
- Sweden is one of the largest wine consumers in the Nordic region.
- Wine accounts for approximately 2% of the average Swedish household's expenditures.
- The HICP: Wine for Sweden has increased by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Wine for Sweden measures the price changes of wine purchased by Swedish consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into Swedish inflationary pressures and household spending, which are key considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish retail establishments and calculated using a standardized EU methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize the HICP: Wine for Sweden to understand Sweden's economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Wine for Sweden (CP0212SEM086NEST), retrieved from FRED.