Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Sweden
SWECP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.04
Year-over-Year Change
2.02%
Date Range
1/1/1981 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Sweden measures the change in prices paid by consumers for dining out, accommodations, and related services. This trend is a key indicator of inflationary pressures in the Swedish service 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 Restaurants and Hotels CPI is a sub-index of the overall Swedish Consumer Price Index. It tracks the monthly change in prices for a basket of goods and services related to dining, lodging, and other hospitality expenditures by Swedish households. Economists and policymakers monitor this indicator to gauge consumer demand and inflation in the service industry.
Methodology
The data is collected through surveys of prices paid by consumers at a sample of restaurants, hotels, and related service providers across Sweden.
Historical Context
The Restaurants and Hotels CPI provides insight into a crucial sector of the Swedish economy and is used by the Riksbank, Sweden's central bank, to inform monetary policy decisions.
Key Facts
- The base year for the Restaurants and Hotels CPI is 2015.
- Sweden's Restaurants and Hotels CPI has risen by an average of 2.5% annually over the past decade.
- Dining out and accommodations account for over 10% of the total Swedish consumer expenditure basket.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures the change in prices paid by Swedish consumers for dining, lodging, and other hospitality services.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index provides insight into inflationary pressures and consumer demand in a key service sector of the Swedish economy, which is important for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers at a sample of restaurants, hotels, and related service providers across Sweden.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is used 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 Restaurants and Hotels CPI is published monthly by Statistics Sweden with a typical delay of around 2 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Sweden (SWECP110000GYM), retrieved from FRED.