Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Sweden
SWECP030000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.14
Year-over-Year Change
1.37%
Date Range
1/1/1980 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Sweden tracks changes in prices for a basket of consumer goods related to apparel and footwear. It is a key indicator of inflation and consumer spending in the Swedish economy.
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 Clothing and Footwear CPI is a subcomponent of the overall Swedish Consumer Price Index, a measure of the average change in prices paid by consumers for a basket of goods and services. This trend provides insights into price dynamics and consumer behavior within the apparel and footwear sectors of the Swedish market.
Methodology
The data is collected through surveys of consumer purchases and calculated using a modified Laspeyres formula.
Historical Context
The Clothing and Footwear CPI is used by policymakers, economists, and analysts to assess inflationary pressures and consumer demand in Sweden.
Key Facts
- The Clothing and Footwear CPI has a base year of 2015.
- Sweden's Clothing and Footwear CPI reached a record high in 2022.
- The CPI for Clothing and Footwear is a component of the overall Swedish CPI.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures changes in the prices of a basket of consumer goods related to apparel and footwear in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures and consumer spending patterns within the apparel and footwear sectors of the Swedish economy, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated using a modified Laspeyres formula.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is used by policymakers, central banks, and analysts to assess inflationary pressures and consumer demand, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI is published monthly, with a short delay, and may be subject to revisions based on updated data.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Sweden (SWECP030000IXOBM), retrieved from FRED.