Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Sweden
SWECP020000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
15.29%
Date Range
2/1/1980 - 11/1/2023
Summary
The Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02) measures the price changes of these products in Sweden. This key economic indicator provides insights into consumer spending and 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 COICOP 02 index tracks the prices of alcoholic beverages, tobacco, and narcotics in Sweden. It is a component of the overall Consumer Price Index, which is used to assess the cost of living and measure inflation. Economists and policymakers closely monitor this data to understand consumer behavior and guide economic policy decisions.
Methodology
The data is collected through surveys of retailers and service providers across Sweden.
Historical Context
This index is a crucial input for the Riksbank, Sweden's central bank, in setting monetary policy.
Key Facts
- The index is a component of the overall Swedish Consumer Price Index.
- Alcoholic beverages, tobacco, and narcotics account for around 3% of the CPI basket in Sweden.
- The index is published monthly by Statistics Sweden.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02) measures the price changes of these products in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into consumer spending and inflation trends, which are crucial for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Sweden.
Q: How is this trend used in economic policy?
A: This index is a crucial input for the Riksbank, Sweden's central bank, in setting monetary policy.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Sweden with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Sweden (SWECP020000GPM), retrieved from FRED.