Consumer Price Index: Communication (COICOP 08): Total for Sweden
SWECP080000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.43
Year-over-Year Change
-67.66%
Date Range
2/1/1980 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Communication in Sweden measures the changes in prices for a basket of communication-related goods and services. It is a key indicator of inflation and consumer spending patterns in the telecommunications sector.
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 Communication CPI in Sweden tracks the prices of items such as telephone and internet services, postal services, and equipment like mobile phones and computers. It is used by policymakers, economists, and businesses to analyze consumer behavior and the overall cost of living in the country.
Methodology
The data is collected by Statistics Sweden through a monthly survey of households and businesses.
Historical Context
The Communication CPI is an important input for the Swedish Central Bank's monetary policy decisions.
Key Facts
- Communication accounts for about 3.6% of the total CPI basket in Sweden.
- The Communication CPI has risen by an average of 1.2% per year over the past decade.
- Telephone and internet services make up the largest component of the Communication CPI.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Sweden measures the changes in prices for a basket of communication-related goods and services, including telephone, internet, postal, and equipment.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflation and consumer spending patterns in the telecommunications sector, which is crucial for policymakers, economists, and businesses in Sweden.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Sweden through a monthly survey of households and businesses.
Q: How is this trend used in economic policy?
A: The Communication CPI is an important input for the Swedish Central Bank's monetary policy decisions, as it provides insights into inflation and consumer behavior in the telecommunications industry.
Q: Are there update delays or limitations?
A: The Communication CPI data is typically released on a monthly basis with a short delay, and it may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Sweden (SWECP080000GPM), retrieved from FRED.