Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Sweden
SWECP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.32
Year-over-Year Change
17.50%
Date Range
1/1/1981 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Sweden measures the changes in prices paid by consumers for these products. This trend is a key indicator of inflationary pressures and consumer purchasing power.
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 Alcoholic Beverages, Tobacco and Narcotics is a component of the broader consumer price index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index is used to analyze consumption patterns and price dynamics in the alcohol, tobacco, and narcotics sectors of the Swedish economy.
Methodology
The data is collected through surveys of retail establishments and aggregated by the Swedish statistical agency.
Historical Context
Policymakers and analysts monitor this CPI component to assess inflationary trends and inform decisions on monetary and fiscal policies.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics is a sub-component of the overall Swedish CPI.
- This index is tracked by the Swedish statistical agency and the Riksbank (Sweden's central bank).
- Changes in this CPI component can influence overall inflation and consumer purchasing power in Sweden.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in prices paid by Swedish consumers for alcoholic beverages, tobacco, and narcotics products.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is relevant for understanding inflationary pressures and consumer purchasing power in Sweden, as changes in these prices can impact overall household consumption and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and aggregated by the Swedish statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI component to assess inflationary trends and inform decisions on monetary and fiscal policies in Sweden.
Q: Are there update delays or limitations?
A: There may be some delays in the publication of this data by the Swedish statistical agency, and the index may not fully capture all changes in consumption patterns or pricing for these product categories.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Sweden (SWECP020000GYQ), retrieved from FRED.