Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Sweden
CPALTT01SEA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.84
Year-over-Year Change
219.21%
Date Range
1/1/1956 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Sweden measures changes in the prices of goods and services consumed by Swedish households. It is a key indicator of inflation and purchasing power.
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 CPI for Sweden tracks the average change in prices for a basket of consumer goods and services, including food, housing, transportation, and other categories. It is used by policymakers, economists, and the public to monitor inflation and inform economic decision-making.
Methodology
The Swedish CPI is calculated by Statistics Sweden based on a survey of consumer prices collected from retail outlets and service providers.
Historical Context
The CPI is an important input for the Riksbank, Sweden's central bank, in setting monetary policy to maintain price stability.
Key Facts
- The CPI for Sweden uses 2015 as the base year.
- Sweden's CPI reached its highest level in December 2022 at 12.3%.
- The Riksbank aims to maintain inflation at around 2% annually.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Sweden measures the average change in prices paid by Swedish households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Swedish CPI is a key indicator of inflation and purchasing power, providing important insights for policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The Swedish CPI is calculated by Statistics Sweden based on a survey of consumer prices collected from retail outlets and service providers.
Q: How is this trend used in economic policy?
A: The CPI is a crucial input for the Riksbank, Sweden's central bank, in setting monetary policy to maintain price stability and control inflation.
Q: Are there update delays or limitations?
A: The Swedish CPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Sweden (CPALTT01SEA659N), retrieved from FRED.