Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Sweden
CPGREN01SEQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.70
Year-over-Year Change
-247.27%
Date Range
4/1/1970 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Energy in Sweden measures the change in prices for fuel, electricity, and gasoline. This trend is a key indicator of inflationary pressures and consumer purchasing power.
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 Energy CPI for Sweden tracks the prices paid by consumers for a basket of energy-related goods and services, including heating fuels, electricity, and transportation fuels. It is a subcomponent of the broader CPI and provides insight into the cost-of-living changes experienced by Swedish households.
Methodology
The data is collected through surveys of consumer expenditures and prices by Sweden's national statistical agency.
Historical Context
Policymakers and analysts use the Energy CPI to assess the impact of energy costs on inflation and to inform decisions on monetary and fiscal policies.
Key Facts
- Energy accounts for approximately 10% of the total CPI basket in Sweden.
- Gasoline prices are the largest component of the Energy CPI, making up around 40% of the index.
- The Energy CPI has seen significant volatility in recent years due to fluctuations in global energy markets.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Sweden measures the change in prices for fuel, electricity, and gasoline, which are essential for heating, transportation, and powering households.
Q: Why is this trend relevant for users or analysts?
A: The Energy CPI is a crucial indicator of inflationary pressures and consumer purchasing power, as energy costs make up a significant portion of household budgets. It helps policymakers and analysts assess the impact of energy prices on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Sweden's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Energy CPI to inform decisions on monetary and fiscal policies, as well as to assess the impact of energy costs on inflation and consumer spending.
Q: Are there update delays or limitations?
A: The Energy CPI data is typically released on a monthly basis, with a short delay to allow for data collection and processing. There may be some limitations in terms of the representativeness of the basket of goods and services included in the index.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Sweden (CPGREN01SEQ657N), retrieved from FRED.