Price Level of Imports for Sweden
PLMCPPSEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-1.19%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Sweden tracks the price changes of goods and services imported into Sweden. This metric is important for assessing the country's international trade dynamics and competitiveness.
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 Price Level of Imports for Sweden measures the changes in prices of all goods and services imported into the Swedish economy over time. This index is a key indicator of Sweden's purchasing power and trade position relative to its trading partners.
Methodology
The data is collected and calculated by Sweden's national statistics agency based on a representative basket of imported goods and services.
Historical Context
Policymakers and economists use this trend to evaluate Sweden's international trade balance and the potential inflationary impacts of import prices.
Key Facts
- Sweden is a major importer of goods and services.
- Import prices can significantly impact domestic inflation.
- The import price index is a leading indicator of trade competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Sweden tracks changes in the prices of all goods and services imported into the Swedish economy.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of Sweden's international trade dynamics and the potential inflationary impacts of import prices.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Sweden's national statistics agency based on a representative basket of imported goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Sweden's trade balance and the inflationary pressures from import prices.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Swedish statistics agency, with potential delays or limitations depending on the source.
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Citation
U.S. Federal Reserve, Price Level of Imports for Sweden (PLMCPPSEA670NRUG), retrieved from FRED.