Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Sweden
CP0721SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.15
Year-over-Year Change
1.73%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Spares Parts and Accessories for Personal Transport Equipment in Sweden measures the changes in the prices paid by consumers for this category of goods and services.
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 is a key economic indicator used to track inflation across the European Union. The Spares Parts and Accessories for Personal Transport Equipment component reflects the costs associated with maintaining and repairing personal vehicles.
Methodology
The data is collected through a survey of retail establishments and service providers across Sweden.
Historical Context
This index is used by policymakers and economists to understand broader trends in Swedish consumer prices and inflation.
Key Facts
- The base year for this HICP series is 2015.
- Spares Parts and Accessories account for around 2% of the total Swedish consumer price index.
- Prices in this category have increased by an average of 1.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This HICP series measures the changes in the prices paid by Swedish consumers for spare parts and accessories for personal transport equipment, such as private vehicles.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into a key component of consumer spending and inflation in Sweden, which is valuable for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail establishments and service providers across Sweden.
Q: How is this trend used in economic policy?
A: This HICP series is used by the Swedish Central Bank and other policymakers to monitor inflation and make informed decisions about monetary policy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical lag of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Sweden (CP0721SEM086NEST), retrieved from FRED.