Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Sweden
SWECP020000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.06
Year-over-Year Change
1.41%
Date Range
1/1/1980 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Sweden measures the change in prices for these consumer goods and services over time.
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 index is a key component of the overall Swedish Consumer Price Index, which is used to track inflation and guide economic policymaking. It provides insight into spending patterns and price pressures within this specific consumption category.
Methodology
The data is collected through surveys of consumer expenditures and prices charged by retailers.
Historical Context
Central banks and fiscal authorities rely on CPI data to inform monetary and fiscal policies.
Key Facts
- Sweden's CPI for Alcoholic Beverages, Tobacco and Narcotics uses 1999 as the base year.
- This index is released monthly by Statistics Sweden.
- It accounts for approximately 3% of the total Swedish Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in prices for alcoholic beverages, tobacco products, and narcotics purchased by consumers in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides important insights into inflationary pressures and consumer spending patterns within a key consumption category.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices charged by retailers.
Q: How is this trend used in economic policy?
A: Central banks and fiscal authorities rely on CPI data, including this subindex, to inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: This data is released monthly by Statistics Sweden with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Sweden (SWECP020000IXOBM), retrieved from FRED.