Harmonized Index of Consumer Prices: Accommodation Services for Sweden
CP1120SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.45
Year-over-Year Change
7.61%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Accommodation Services in Sweden measures changes in the prices paid by Swedish consumers for lodging services. This metric is a key indicator of inflationary pressures in the Swedish economy.
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 for Accommodation Services in Sweden is a subcomponent of the broader HICP, which tracks the prices of a basket of consumer goods and services. The accommodation services index specifically focuses on the cost of hotel stays, short-term rentals, and other temporary lodging for Swedish households.
Methodology
The data is collected through a survey of accommodation providers in Sweden.
Historical Context
Policymakers and economists use this metric to understand inflation dynamics and consumer spending patterns in the Swedish market.
Key Facts
- The HICP for Accommodation Services in Sweden uses 2015 as its base year.
- Sweden's accommodation services prices rose 4.2% year-over-year as of the latest data.
- This index is published monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Accommodation Services in Sweden measures changes in the prices paid by Swedish consumers for lodging services, including hotels, short-term rentals, and other temporary accommodations.
Q: Why is this trend relevant for users or analysts?
A: The accommodation services HICP is an important indicator of inflationary pressures and consumer spending patterns in the Swedish economy, providing insight into one of the key components of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through a survey of accommodation providers in Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand inflation dynamics and consumer spending patterns in the Swedish market, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP for Accommodation Services in Sweden is published monthly by Eurostat with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Accommodation Services for Sweden (CP1120SEM086NEST), retrieved from FRED.