Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Sweden
SWECP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.89
Year-over-Year Change
44.71%
Date Range
2/1/1970 - 11/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Sweden measures price changes for household energy costs in Sweden. This key indicator helps economists and policymakers assess inflationary pressures and the cost of living.
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
This consumer price index (CPI) trend tracks the monthly price changes for a basket of electricity, gas, and other household energy products and services in Sweden. It is a crucial input for analyzing inflation, consumer purchasing power, and the overall economic climate.
Methodology
The data is collected through representative surveys of households and retailers across Sweden.
Historical Context
Policymakers and analysts use this CPI component to inform decisions on monetary policy, energy subsidies, and the impact of global energy market fluctuations.
Key Facts
- Household energy accounts for about 5% of the Swedish CPI basket.
- Electricity and natural gas prices make up over 70% of this CPI component.
- Prices have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly price changes for a basket of household energy products and services in Sweden, including electricity, gas, and other fuels.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a crucial indicator of inflationary pressures and the cost of living for Swedish households, informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through representative surveys of households and retailers across Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to inform decisions on monetary policy, energy subsidies, and the impact of global energy market fluctuations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Sweden (SWECP040500GPM), retrieved from FRED.