Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Sweden
SWECP080000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.98
Year-over-Year Change
203.41%
Date Range
1/1/1981 - 3/1/2025
Summary
The Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Sweden measures price changes in the communication sector of 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
This economic indicator tracks the costs of communication services and equipment, including telephone, internet, and postal services. It is a key component of Sweden's overall consumer price index and helps policymakers and analysts understand inflationary pressures in the communication industry.
Methodology
The data is collected through surveys of consumers and businesses by Statistics Sweden.
Historical Context
The Communication CPI is used to monitor inflation and set monetary policy by the Riksbank, Sweden's central bank.
Key Facts
- The Communication CPI is a component of Sweden's overall Consumer Price Index.
- Communication costs account for around 4% of the average Swedish consumer's spending.
- Prices in the communication sector have generally fallen in Sweden over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Sweden measures price changes for telephone, internet, postal, and other communication services and equipment.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures in the communication industry, which is crucial for policymakers and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by Statistics Sweden.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the Riksbank, Sweden's central bank, to monitor inflation and set appropriate monetary policy.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with a short lag, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Sweden (SWECP080000GYM), retrieved from FRED.