Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Sweden
SWECPHPLA01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.34
Year-over-Year Change
2.15%
Date Range
1/1/1990 - 3/1/2025
Summary
The Consumer Price Index (CPI) Excluding Energy, Food, Alcohol and Tobacco for Sweden measures the change in prices of consumer goods and services, excluding volatile components, to provide a core inflation indicator.
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 CPI index tracks the overall price level for Swedish consumers, excluding the impact of fluctuations in energy, food, alcohol, and tobacco prices. It serves as a key gauge of underlying inflationary pressures in the Swedish economy.
Methodology
The data is collected through surveys of consumer expenditures and prices across a representative basket of goods and services.
Historical Context
Policymakers and analysts use this index to monitor and assess the core inflationary trends in Sweden, which informs monetary policy decisions.
Key Facts
- Sweden's CPI Excluding Energy, Food, Alcohol and Tobacco has risen by an average of 1.7% per year over the past decade.
- This index is published monthly by Statistics Sweden, the national statistical agency.
- The Swedish central bank, the Riksbank, uses this CPI measure as a key input for its monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices of consumer goods and services in Sweden, excluding the volatile components of energy, food, alcohol, and tobacco.
Q: Why is this trend relevant for users or analysts?
A: This 'core' CPI index provides a better indication of underlying inflationary pressures in the Swedish economy, helping policymakers and analysts assess the need for monetary policy adjustments.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys and price observations across a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The Riksbank, Sweden's central bank, closely monitors this CPI measure to guide its monetary policy decisions, as it provides a clearer signal of fundamental inflationary forces.
Q: Are there update delays or limitations?
A: The CPI Excluding Energy, Food, Alcohol and Tobacco for Sweden is published monthly by Statistics Sweden with minimal delays, providing timely insights into core inflationary trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Sweden (SWECPHPLA01IXOBM), retrieved from FRED.