Consumer Price Index: All Items: Total for Sweden
CPALTT01SEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.55
Year-over-Year Change
188.69%
Date Range
1/1/1956 - 1/1/2023
Summary
The Consumer Price Index (CPI) for All Items: Total in Sweden measures the overall changes in consumer prices and is a key indicator of inflation 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 CPI All Items: Total for Sweden tracks the price changes of a basket of goods and services typically purchased by Swedish households. It is an important economic indicator used to assess the purchasing power of the Swedish krona and inform monetary policy decisions.
Methodology
The Swedish CPI is calculated by Statistics Sweden based on a monthly survey of prices collected from retail outlets and service providers.
Historical Context
The Swedish CPI is closely monitored by the Riksbank, Sweden's central bank, to support its mandate of maintaining price stability.
Key Facts
- Sweden's CPI is published monthly by Statistics Sweden.
- The base year for the current CPI series is 2015 = 100.
- The CPI is an important input for the Riksbank's inflation target.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items: Total in Sweden measures the overall changes in consumer prices for a basket of goods and services typically purchased by Swedish households.
Q: Why is this trend relevant for users or analysts?
A: The Swedish CPI is a key indicator of inflation in the economy and helps assess the purchasing power of the Swedish krona. It is closely monitored by the Riksbank, Sweden's central bank, to support its mandate of maintaining price stability.
Q: How is this data collected or calculated?
A: The Swedish CPI is calculated by Statistics Sweden based on a monthly survey of prices collected from retail outlets and service providers.
Q: How is this trend used in economic policy?
A: The Swedish CPI is an important input for the Riksbank's monetary policy decisions, as the central bank aims to maintain the inflation rate close to its 2% target.
Q: Are there update delays or limitations?
A: The Swedish CPI data is published monthly by Statistics Sweden with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Sweden (CPALTT01SEA657N), retrieved from FRED.