Price Level of Household Consumption for Sweden
PLCCPPSEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
-9.80%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Sweden measures changes in the overall price level of goods and services purchased by Swedish households. It is a key economic indicator used to assess inflation and the cost of living.
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 index tracks the prices of a representative basket of consumer goods and services that Swedish households typically purchase. It is a valuable tool for policymakers, economists, and consumers to monitor changes in purchasing power and the overall state of the Swedish economy.
Methodology
The data is collected by Statistics Sweden through surveys of household expenditures and retail prices.
Historical Context
Trends in this index are closely watched by the Riksbank, Sweden's central bank, to inform monetary policy decisions.
Key Facts
- The base year for the index is 2015 = 100.
- Sweden's household consumption price index has risen by 8.7% over the past 5 years.
- Shelter and transportation are the largest components of the Swedish consumer basket.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Sweden measures changes in the overall price level of goods and services purchased by Swedish households.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and the cost of living in Sweden, providing valuable insights for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Sweden through surveys of household expenditures and retail prices.
Q: How is this trend used in economic policy?
A: Trends in this index are closely watched by the Riksbank, Sweden's central bank, to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short delay.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Sweden (PLCCPPSEA670NRUG), retrieved from FRED.