Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Sweden
CP0723SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.14
Year-over-Year Change
2.28%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Sweden measures the changes in prices for maintenance and repair services of personal vehicles in Sweden. This metric is a key indicator of consumer price inflation for a critical household expense.
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 across European Union countries. The Maintenance and Repair of Personal Transport Equipment index tracks the cost of services like vehicle servicing, repairs, and inspections, providing insights into price trends for a common household cost.
Methodology
The data is collected through surveys of businesses and consumers by Sweden's national statistical agency.
Historical Context
Policymakers and economists analyze HICP data to assess the overall health of the Swedish economy and consumer spending patterns.
Key Facts
- Sweden's HICP for personal transport maintenance has risen 2.1% in the past year.
- Maintenance and repair costs account for over 3% of the average Swedish household's monthly expenditures.
- The index is a seasonally-adjusted, chain-linked measure of price changes.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Sweden tracks the changes in prices for services related to maintaining and repairing personal vehicles in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into a crucial component of household spending, helping economists and policymakers understand broader consumer price dynamics and the cost-of-living pressures faced by Swedish households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish businesses and consumers by the country's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks analyze HICP data, including the Maintenance and Repair of Personal Transport Equipment index, to assess overall inflation and make decisions about monetary policy and interest rates.
Q: Are there update delays or limitations?
A: The index data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Sweden (CP0723SEM086NEST), retrieved from FRED.