Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Sweden
SWECP050000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-293.57%
Date Range
2/1/1980 - 11/1/2023
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05) measures the price changes of household goods and services in Sweden. It is a key indicator of consumer inflation and purchasing power.
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 tracks the prices of a basket of household items such as furniture, appliances, textiles, and home maintenance services. It is used by economists and policymakers to assess changes in the cost of living and consumer spending patterns.
Methodology
The data is collected through a nationwide survey of prices from retail outlets and service providers.
Historical Context
The CPI COICOP 05 index is closely monitored by the Swedish Central Bank in setting monetary policy.
Key Facts
- The base year for this index is 2015.
- Sweden's COICOP 05 index reached a record high in 2022.
- Household furnishings and appliances account for the largest share of this index.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for a basket of household goods and services in Sweden, including furnishings, appliances, textiles, and home maintenance.
Q: Why is this trend relevant for users or analysts?
A: The COICOP 05 index is a key indicator of consumer inflation and purchasing power, providing insights into changes in the cost of living for Swedish households.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices from retail outlets and service providers.
Q: How is this trend used in economic policy?
A: The COICOP 05 index is closely monitored by the Swedish Central Bank in setting monetary policy to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The COICOP 05 index is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Sweden (SWECP050000GPM), retrieved from FRED.