Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Sweden
CPGREN01SEA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.49
Year-over-Year Change
-4425.21%
Date Range
1/1/1971 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Energy in Sweden measures the changes in prices for a basket of energy-related goods and services, providing insights into Sweden's energy 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 CPI for Energy in Sweden tracks the price movements of a variety of energy items, including electricity, natural gas, motor fuels, and other household energy sources. This indicator is closely monitored by policymakers and analysts to assess the broader inflationary pressures and cost-of-living dynamics in the Swedish economy.
Methodology
The data is collected through regular surveys of retailers and service providers by Statistics Sweden.
Historical Context
This energy-focused CPI is a key input for the Harmonized Index of Consumer Prices (HICP), which is used by the European Central Bank to evaluate price stability across the Eurozone.
Key Facts
- Energy accounts for about 10% of the total Swedish CPI basket.
- Energy prices in Sweden have risen by an average of 3.2% annually over the past decade.
- The CPI for Energy is a key input for Sweden's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Sweden measures the changes in prices for a basket of energy-related goods and services, including electricity, natural gas, and motor fuels.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused CPI is closely monitored by policymakers and analysts to assess broader inflationary pressures and cost-of-living dynamics in the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and service providers by Statistics Sweden.
Q: How is this trend used in economic policy?
A: The CPI for Energy is a key input for the Harmonized Index of Consumer Prices (HICP), which is used by the European Central Bank to evaluate price stability across the Eurozone.
Q: Are there update delays or limitations?
A: The CPI for Energy data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Sweden (CPGREN01SEA659N), retrieved from FRED.