Harmonized Index of Consumer Prices: Liquid Fuels for Sweden
CP0453SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.51
Year-over-Year Change
19.08%
Date Range
1/1/1996 - 12/1/2022
Summary
The Harmonized Index of Consumer Prices: Liquid Fuels for Sweden measures the changes in prices of liquid fuels consumed by Swedish households. This index is a key indicator of inflationary pressures in the Swedish economy.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Liquid Fuels index specifically tracks the prices of fuels like gasoline, diesel, and heating oil that Swedish consumers purchase.
Methodology
The data is collected through regular household surveys and retail price monitoring by Statistics Sweden.
Historical Context
This index is used by the Swedish central bank and other policymakers to assess the overall rate of inflation and make monetary policy decisions.
Key Facts
- The index has a base year of 2015=100.
- Liquid fuels account for around 3% of the total HICP basket in Sweden.
- Prices are collected from a sample of fuel retailers across the country.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Liquid Fuels for Sweden measures the changes in prices of liquid fuels like gasoline, diesel, and heating oil consumed by Swedish households.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Swedish economy, as liquid fuels are an important component of household consumption.
Q: How is this data collected or calculated?
A: The data is collected through regular household surveys and retail price monitoring by Statistics Sweden.
Q: How is this trend used in economic policy?
A: The Liquid Fuels index is used by the Swedish central bank and other policymakers to assess the overall rate of inflation and make monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical lag of around two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Liquid Fuels for Sweden (CP0453SEM086NEST), retrieved from FRED.