Harmonized Index of Consumer Prices: Motor Cars for Sweden
CP0711SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.04
Year-over-Year Change
0.25%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Motor Cars in Sweden measures the changes in prices paid by Swedish consumers for new and used motor vehicles over time. This metric is an important indicator of inflationary pressures and consumer spending patterns in the Swedish automotive market.
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 HICP for Motor Cars in Sweden is a sub-index of the overall Swedish HICP, which is a key economic indicator used to track inflation across the European Union. The motor cars component provides insights into the costs faced by Swedish households when purchasing transportation.
Methodology
The HICP data is collected through surveys of prices paid by consumers at the point of purchase.
Historical Context
Policymakers and economists use this data to understand consumer behavior and inflationary trends in the Swedish automotive industry.
Key Facts
- The HICP for Motor Cars is a sub-index of the overall Swedish HICP.
- Motor vehicles are a major component of household spending in Sweden.
- The data is collected through consumer price surveys.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Motor Cars in Sweden measures the changes in prices paid by Swedish consumers for new and used motor vehicles over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the costs faced by Swedish households when purchasing transportation, which is a major component of consumer spending. It is an important indicator of inflationary pressures and consumer behavior in the Swedish automotive market.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of prices paid by consumers at the point of purchase.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to understand consumer behavior and inflationary trends in the Swedish automotive industry, which can inform economic policies and forecasting.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with some potential for minor delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cars for Sweden (CP0711SEM086NEST), retrieved from FRED.