Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Sweden
CPGRLE01SEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.43
Year-over-Year Change
-187.93%
Date Range
2/1/1970 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Sweden measures changes in the prices of goods and services excluding food and energy in Sweden. This metric is a key indicator of underlying inflation trends 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
This economic indicator tracks the prices of a basket of consumer goods and services in Sweden, excluding volatile food and energy items. It provides a more stable measure of inflation for policymakers and analysts compared to the headline CPI.
Methodology
The data is collected through surveys of retailers and service providers across Sweden.
Historical Context
The non-food, non-energy CPI is widely used by the Swedish central bank and other institutions to guide monetary policy decisions.
Key Facts
- Excludes volatile food and energy prices
- Provides a core measure of inflation in Sweden
- Used by policymakers to guide monetary policy
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the prices of consumer goods and services in Sweden, excluding food and energy items.
Q: Why is this trend relevant for users or analysts?
A: The non-food, non-energy CPI provides a more stable measure of underlying inflation trends in the Swedish economy, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Sweden.
Q: How is this trend used in economic policy?
A: The non-food, non-energy CPI is widely used by the Swedish central bank and other institutions to guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Sweden (CPGRLE01SEM657N), retrieved from FRED.