Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Sweden
SWECP070000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.49
Year-over-Year Change
5.76%
Date Range
1/1/1980 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Sweden measures the price changes of goods and services related to transportation, such as fuel, vehicle purchases, and public transit. This indicator is a key gauge of consumer price inflation and an important economic indicator for policymakers.
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 CPI for Transport in Sweden is a subcomponent of the overall Consumer Price Index that tracks changes in prices for a basket of transportation-related goods and services. It is used to analyze inflationary pressures in the Swedish economy and can inform monetary and fiscal policies.
Methodology
The data is collected through surveys of consumer expenditures and prices by Statistics Sweden.
Historical Context
Trends in the CPI for Transport are monitored by the Riksbank, Sweden's central bank, to help set appropriate monetary policy.
Key Facts
- Sweden's CPI for Transport has a base year of 2015 = 100.
- Transportation accounts for around 15% of the total Swedish CPI basket.
- The CPI for Transport reached a historical high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Sweden measures the price changes of goods and services related to transportation, such as fuel, vehicle purchases, and public transit.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Transport is an important indicator of inflationary pressures in the Swedish economy and is closely monitored by policymakers to inform monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Statistics Sweden.
Q: How is this trend used in economic policy?
A: Trends in the CPI for Transport are monitored by the Riksbank, Sweden's central bank, to help set appropriate monetary policy.
Q: Are there update delays or limitations?
A: The CPI for Transport data is published monthly by Statistics Sweden with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Sweden (SWECP070000IXOBQ), retrieved from FRED.