Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Sweden
CP1111SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.04
Year-over-Year Change
4.21%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Sweden measures changes in the prices of food consumed outside the home in Sweden. This metric is crucial for understanding consumer spending and inflation trends.
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 the European Union. The 'Restaurants, Cafes and the Like' subindex specifically tracks the prices of food and beverages consumed in the foodservice sector in Sweden.
Methodology
The data is collected by Sweden's national statistical agency through surveys of consumer prices.
Historical Context
This index is a key indicator used by the European Central Bank and Swedish policymakers to monitor price stability and guide monetary policy decisions.
Key Facts
- The index is calculated using a base year of 2015.
- Prices are measured at the point of purchase, not production.
- Food and beverage inflation has exceeded overall HICP in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Sweden measures changes in the prices of food and beverages consumed outside the home in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into consumer spending patterns and inflationary pressures in the Swedish economy, which is valuable information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by Sweden's national statistical agency.
Q: How is this trend used in economic policy?
A: The Harmonized Index of Consumer Prices is a key indicator used by the European Central Bank and Swedish policymakers to monitor price stability and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Restaurants, Cafes and the Like for Sweden (CP1111SEM086NEST), retrieved from FRED.