Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Sweden
SWECP030000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-180.72%
Date Range
4/1/1980 - 7/1/2023
Summary
The Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Sweden measures changes in the prices of clothing and footwear purchased by Swedish consumers. This metric is an important 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 Consumer Price Index (CPI) is a widely-used economic indicator that tracks the average change in prices paid by consumers for a basket of goods and services. The CPI for Clothing and Footwear in Sweden specifically measures price fluctuations in this category, providing insight into a key component of the overall cost of living.
Methodology
The Swedish Statistical Office collects data on clothing and footwear prices from a sample of retail outlets to calculate this index.
Historical Context
Policymakers and market analysts closely monitor the CPI Clothing and Footwear index to assess the state of the Swedish economy and consumer demand.
Key Facts
- The index is based on 2015 = 100.
- Clothing and footwear account for approximately 4% of the Swedish CPI basket.
- The index is released monthly by Statistics Sweden.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Sweden measures changes in the prices of clothing and footwear purchased by Swedish consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and consumer purchasing power in Sweden, which is valuable information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The Swedish Statistical Office collects price data from a sample of retail outlets to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the CPI Clothing and Footwear index to assess the state of the Swedish economy and consumer demand.
Q: Are there update delays or limitations?
A: The index is released monthly by Statistics Sweden with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Sweden (SWECP030000GPQ), retrieved from FRED.