Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Sweden
Index source base, Monthly
SWECP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
582.92
Year-over-Year Change
6.02%
Date Range
1/1/1980 - 11/1/2023
Summary
The Index source base, Monthly trend measures the price movements of a basket of consumer goods and services purchased for personal consumption. It is a key indicator of inflation 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 Index source base, Monthly trend is an economic indicator that tracks changes in the prices paid by consumers for a representative basket of goods and services. It is a widely followed metric for assessing the overall rate of inflation in an economy.
Methodology
The data is collected through surveys of retail prices across the United States.
Historical Context
This index is used by policymakers, analysts, and businesses to inform decisions on monetary policy, pricing, and economic forecasting.
Key Facts
- The index base year is currently 2012.
- The index is published monthly by the U.S. Federal Reserve.
- The index is a widely watched measure of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Index source base, Monthly trend measures changes in the prices paid by consumers for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power, making it relevant for policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices across the United States.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, analysts, and businesses to inform decisions on monetary policy, pricing, and economic forecasting.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, Index source base, Monthly (SWECP020000IXNBM), retrieved from FRED.