Consumer Price Index: Transport (COICOP 07): Total for Sweden
SWECP070000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.75
Year-over-Year Change
-26.85%
Date Range
2/1/1980 - 11/1/2023
Summary
The Consumer Price Index for Transportation measures changes in the prices of goods and services related to transportation in Sweden. This trend is a key indicator of inflation and consumer spending in the transportation sector.
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 for Transportation in Sweden is part of the larger Consumer Price Index (CPI) data set. It tracks the prices of items like private transportation, public transportation, and transportation services over time. This metric is used by economists and policymakers to understand broader inflationary pressures and consumer behavior.
Methodology
The data is collected through surveys of consumers and businesses, and calculated using a fixed-basket approach.
Historical Context
The transportation CPI is an important input for Sweden's monetary and fiscal policies.
Key Facts
- The transportation CPI has a weight of around 14% in Sweden's overall CPI basket.
- Transportation costs make up a significant portion of Swedish household budgets.
- Policymakers monitor the transportation CPI to assess the impact of fuel prices and other transportation-related inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Transportation in Sweden measures changes in the prices of goods and services related to private and public transportation.
Q: Why is this trend relevant for users or analysts?
A: The transportation CPI is a key indicator of inflationary pressures and consumer behavior in the transportation sector, which is an important part of the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses, and calculated using a fixed-basket approach.
Q: How is this trend used in economic policy?
A: The transportation CPI is an important input for Sweden's monetary and fiscal policies, as it helps policymakers assess the impact of transportation-related inflation.
Q: Are there update delays or limitations?
A: The transportation CPI data is published monthly with a relatively short lag, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Sweden (SWECP070000GPM), retrieved from FRED.