Price Level of Consumption for Sweden
PLOCONSEA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.41
Year-over-Year Change
6.22%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Sweden (PLOCONSEA622NUPN) measures the price level of consumer goods and services in Sweden relative to the United States. It is a key economic indicator used to assess the purchasing power and cost of living 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 Price Level of Consumption for Sweden is an index that compares the general price level of consumer items in Sweden to the price level in the United States. It provides insights into the relative affordability of goods and services for Swedish households compared to their American counterparts.
Methodology
The data is calculated based on price surveys and comparisons conducted by the OECD.
Historical Context
This index is useful for policymakers, businesses, and individuals evaluating the economic environment and cost of living in Sweden.
Key Facts
- The base year for the index is 2015 = 100.
- Sweden's price level has been consistently higher than the U.S. since 2000.
- The index reached its highest point of 125.8 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Sweden (PLOCONSEA622NUPN) measures the general price level of consumer goods and services in Sweden relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the purchasing power and cost of living in Sweden compared to the U.S., which is useful for policymakers, businesses, and individuals evaluating the economic environment.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on price surveys and comparisons of consumer goods and services between Sweden and the United States.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the relative affordability of consumer items in Sweden, which can inform decisions related to trade, exchange rates, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the OECD, but there may be some delays in the most recent updates being reflected in the FRED database.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Sweden (PLOCONSEA622NUPN), retrieved from FRED.