Production: Mining: Total for Sweden
Index 2015=100, Monthly, Not Seasonally Adjusted
SWEPRMITO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.32
Year-over-Year Change
26.41%
Date Range
1/1/2000 - 10/1/2023
Summary
The Index 2015=100, Monthly, Not Seasonally Adjusted trend measures the purchasing power of wages in the U.S. This key economic indicator helps policymakers and analysts understand changes in consumer buying power and inflationary pressures.
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 purchasing power of nominal wages by adjusting for changes in the cost of living. It provides insight into real earnings and the standard of living, which are crucial factors for consumer demand, inflation, and economic growth.
Methodology
The data is calculated by the U.S. Federal Reserve based on wage and price information.
Historical Context
This index is widely used by economists, policymakers, and market analysts to assess economic conditions and guide monetary and fiscal policy decisions.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It measures changes in real wages over time on a monthly basis.
- The data is reported without seasonal adjustments.
FAQs
Q: What does this economic trend measure?
A: This index measures the purchasing power of nominal wages in the U.S. by adjusting for changes in the cost of living.
Q: Why is this trend relevant for users or analysts?
A: This index provides key insights into real earnings and the standard of living, which are crucial factors for consumer demand, inflation, and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on wage and price information.
Q: How is this trend used in economic policy?
A: This index is widely used by economists, policymakers, and market analysts to assess economic conditions and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis without seasonal adjustments.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly, Not Seasonally Adjusted (SWEPRMITO01IXOBM), retrieved from FRED.