Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Sweden
CPGREN01SEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.13
Year-over-Year Change
62.08%
Date Range
2/1/1970 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Sweden tracks the prices of energy-related goods and services in Sweden.
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
This indicator measures the change in prices for a basket of energy products, including fuel, electricity, and gasoline. It provides insights into inflationary pressures and consumer purchasing power within the Swedish economy.
Methodology
The data is collected through consumer surveys and compiled by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This energy price index is widely used by policymakers, economists, and market analysts to assess the impact of energy costs on overall inflation and consumer spending.
Key Facts
- The index has a base year of 2015.
- Energy costs account for approximately 10% of the consumer price basket in Sweden.
- Prices for this index are updated monthly.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the prices of energy-related goods and services, including fuel, electricity, and gasoline, within the Swedish consumer price index.
Q: Why is this trend relevant for users or analysts?
A: The energy price index provides insights into inflationary pressures and consumer purchasing power, which are crucial factors for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: This energy price index is widely used by policymakers, economists, and market analysts to assess the impact of energy costs on overall inflation and consumer spending.
Q: Are there update delays or limitations?
A: Prices for this index are updated monthly, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Sweden (CPGREN01SEM657N), retrieved from FRED.