Consumer Price Index for Sweden
DDOE02SEA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.49
Year-over-Year Change
14.87%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index for Sweden measures the changes in the prices of a basket of consumer goods and services purchased by Swedish households. It is a key indicator of inflation and an important tool for economic policymakers.
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 Consumer Price Index for Sweden is a widely-used measure of inflation in the Swedish economy. It tracks the average change in prices for a representative basket of consumer goods and services, providing insights into the overall cost of living and purchasing power of the Swedish krona.
Methodology
The data is collected through surveys of Swedish households and businesses, with the basket of goods and services regularly updated to reflect changing consumer spending patterns.
Historical Context
The Swedish Consumer Price Index is closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions aimed at maintaining price stability.
Key Facts
- The base year for the Swedish CPI is 2015.
- Sweden has maintained an inflation target of 2% since 1995.
- The CPI is published monthly by Statistics Sweden.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Sweden measures the changes in the prices of a basket of consumer goods and services purchased by Swedish households.
Q: Why is this trend relevant for users or analysts?
A: The Swedish CPI is a key indicator of inflation and an important tool for economic policymakers, businesses, and consumers in understanding the cost of living and purchasing power in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish households and businesses, with the basket of goods and services regularly updated to reflect changing consumer spending patterns.
Q: How is this trend used in economic policy?
A: The Swedish Consumer Price Index is closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The CPI is published monthly by Statistics Sweden, with minimal update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index for Sweden (DDOE02SEA086NWDB), retrieved from FRED.