Harmonized Index of Consumer Prices: Catering Services for Sweden
CP1110SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.98
Year-over-Year Change
4.21%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Catering Services in Sweden measures changes in the prices paid by Swedish consumers for dining out and other food-related 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 Catering Services component specifically monitors prices for restaurants, cafes, and other food service establishments, providing insight into consumer spending and the broader services sector.
Methodology
Data is collected through surveys of businesses and consumers by Sweden's national statistical agency.
Historical Context
HICP data informs monetary policy decisions by the European Central Bank.
Key Facts
- The HICP is calculated using a common methodology across EU member states.
- Catering Services account for about 3% of the total HICP basket in Sweden.
- HICP data is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Catering Services in Sweden measures changes in the prices paid by Swedish consumers for dining out and other food-related services.
Q: Why is this trend relevant for users or analysts?
A: The Catering Services HICP provides important insight into inflation and consumer spending patterns in Sweden's services sector, which is a key component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by Sweden's national statistical agency.
Q: How is this trend used in economic policy?
A: HICP data, including the Catering Services component, informs monetary policy decisions by the European Central Bank.
Q: Are there update delays or limitations?
A: HICP data is released monthly by Eurostat with a relatively short time lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Catering Services for Sweden (CP1110SEM086NEST), retrieved from FRED.