Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Sweden
SWECP050000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-99.73%
Date Range
1/1/1981 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Sweden measures changes in the prices paid by consumers for these products and services over time.
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 index is a component of the broader Consumer Price Index, which is a key measure of inflation in the Swedish economy. The Furnishings, Household Equipment and Routine Household Maintenance CPI is used by economists and policymakers to assess trends in household spending and the cost of living.
Methodology
The Swedish Statistical Office collects price data from retail outlets to calculate this index.
Historical Context
This CPI component provides valuable insights into consumer behavior and helps inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 1999.
- Furnishings and household equipment account for over 5% of the CPI basket in Sweden.
- The index has seen an average annual increase of 1.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Swedish consumers for furnishings, household equipment, and routine household maintenance over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insights into household spending patterns and the cost of living in Sweden, which is valuable information for economists, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by the Swedish Statistical Office through price surveys of retail outlets.
Q: How is this trend used in economic policy?
A: This index is used by the Swedish Central Bank and other policymakers to monitor inflation and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a short delay, and it may not fully capture all changes in household spending patterns.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Sweden (SWECP050000GYQ), retrieved from FRED.