Harmonized Index of Consumer Prices: Major Durables for Indoor and Outdoor Recreation Including Musical Instruments for Sweden
CP0921SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.53
Year-over-Year Change
1.43%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Major Durables for Indoor and Outdoor Recreation Including Musical Instruments in Sweden measures changes in the prices of these goods over time, providing key insights into consumer spending patterns and inflationary pressures.
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 HICP is a widely-used economic indicator that tracks the average change in prices of a basket of consumer goods and services across the European Union. This specific HICP series focuses on the prices of major durable goods for recreation and entertainment in Sweden, offering valuable data for policymakers and analysts studying consumer trends.
Methodology
The data is collected through surveys of retailers and service providers across Sweden.
Historical Context
This HICP series is relevant for understanding Swedish consumer behavior and informing economic policies aimed at supporting household spending.
Key Facts
- The HICP tracks price changes for over 100 consumer goods and services across the EU.
- Sweden's HICP for major recreation durables uses 2015 as the base year for index calculations.
- This series is published monthly by the European Union's statistical agency, Eurostat.
FAQs
Q: What does this economic trend measure?
A: This HICP series measures changes in the prices of major durable goods for indoor and outdoor recreation, including musical instruments, in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding consumer spending patterns and inflationary pressures in the Swedish economy, particularly within the recreation and entertainment sector.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and service providers across Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP series to monitor consumer trends and make informed decisions about economic policies that may impact household spending.
Q: Are there update delays or limitations?
A: This HICP series is published monthly by Eurostat, with limited delays in data availability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Major Durables for Indoor and Outdoor Recreation Including Musical Instruments for Sweden (CP0921SEM086NEST), retrieved from FRED.