Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Sweden
CPGRLE01SEQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.74
Year-over-Year Change
186.88%
Date Range
4/1/1970 - 7/1/2023
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Sweden measures the changes in the general price level of consumer goods and services, excluding food and energy. This indicator is closely watched by economists and policymakers to assess inflationary pressures.
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 for All Items Non-Food Non-Energy in Sweden is a key economic indicator that tracks the price changes of a comprehensive basket of consumer goods and services, excluding volatile food and energy components. This metric provides insights into the underlying inflationary trends in the Swedish economy, which is important for monetary policy decisions and economic analysis.
Methodology
The data is collected by Statistics Sweden through consumer price surveys and calculated as a weighted average of price changes.
Historical Context
The CPI for All Items Non-Food Non-Energy in Sweden is used by the Riksbank, Sweden's central bank, to monitor and manage inflation within its policy targets.
Key Facts
- The CPI for All Items Non-Food Non-Energy in Sweden has an index base year of 2015.
- This index excludes the volatile food and energy components to provide a more stable measure of underlying inflation.
- Sweden has an inflation target of 2% set by the Riksbank.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Sweden measures the changes in the general price level of consumer goods and services, excluding food and energy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the underlying inflationary pressures in the Swedish economy, which is crucial for monetary policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Sweden through consumer price surveys and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The CPI for All Items Non-Food Non-Energy in Sweden is used by the Riksbank, Sweden's central bank, to monitor and manage inflation within its policy targets.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve and may be subject to revisions or delays in the release schedule.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Sweden (CPGRLE01SEQ657N), retrieved from FRED.