Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for Sweden
FOOD00SEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.32
Year-over-Year Change
4.57%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Food Including Alcohol and Tobacco in Sweden measures the change in consumer prices for food, alcohol, and tobacco products over time. This key economic indicator provides insights into inflationary pressures and consumer spending patterns in Sweden.
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 standardized measure of consumer price inflation used across the European Union. The Food Including Alcohol and Tobacco index specifically tracks price changes for a basket of food, beverage, and tobacco products purchased by Swedish households. Economists and policymakers closely monitor this index to understand overall inflation trends and the cost of living.
Methodology
The Swedish Statistical Office collects price data from a sample of retail outlets to calculate the HICP on a monthly basis.
Historical Context
This inflation indicator is used by the European Central Bank and Swedish authorities to inform monetary and fiscal policy decisions.
Key Facts
- Sweden's HICP for Food, Alcohol and Tobacco has a base year of 2015 = 100.
- This index makes up approximately 18% of Sweden's overall HICP basket.
- Prices have risen by 11% since 2015 according to the latest data.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Food Including Alcohol and Tobacco in Sweden measures the change in consumer prices for a basket of food, beverage, and tobacco products over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and the cost of living for Swedish households, which is crucial information for economists, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The Swedish Statistical Office collects price data from a sample of retail outlets to calculate the HICP on a monthly basis.
Q: How is this trend used in economic policy?
A: The HICP for Food, Alcohol and Tobacco in Sweden is used by the European Central Bank and Swedish authorities to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a relatively short lag, providing timely information on inflationary pressures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for Sweden (FOOD00SEM086NEST), retrieved from FRED.