Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Sweden
SWECP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.41
Year-over-Year Change
19.07%
Date Range
1/1/1980 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Sweden measures changes in the prices paid by consumers for a basket of goods and services related to dining out and accommodation. This metric 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 part of the broader Consumer Price Indices (CPIs) and Harmonised Indices of Consumer Prices (HICPs) data series published by the Swedish statistics agency. It tracks price changes for a representative basket of restaurant meals, snacks, and hotel stays across the country.
Methodology
The data is collected through regular surveys of prices at a sample of establishments.
Historical Context
Policymakers and analysts use this CPI component to assess inflation dynamics and consumer spending patterns in the Swedish service economy.
Key Facts
- The Restaurants and Hotels CPI is a component of the overall Swedish CPI.
- It measures price changes for dining out, snacks, and hotel stays.
- The index is used to track service sector inflation in Sweden.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures changes in the prices paid by Swedish consumers for a basket of goods and services related to dining out and accommodation.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of inflationary pressures in the Swedish service sector, which is important for policymakers and economists analyzing the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices at a sample of establishments across Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Restaurants and Hotels CPI to assess inflation dynamics and consumer spending patterns in the Swedish service economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Swedish statistics agency, with typical update schedules and limitations common to consumer price index measurements.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Sweden (SWECP110000IXOBQ), retrieved from FRED.