Consumer Price Index: All Items: Total for Sweden
SWECPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
406.56
Year-over-Year Change
20.53%
Date Range
1/1/1960 - 7/1/2023
Summary
The Consumer Price Index: All Items: Total for Sweden tracks changes in the overall price level of consumer goods and services in Sweden. It is a key economic indicator used to measure inflation and guide monetary policy decisions.
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 (CPI) is a widely-used measure of inflation that tracks the average change in prices paid by consumers for a basket of goods and services. The CPI for Sweden provides a comprehensive gauge of price movements across the entire Swedish economy.
Methodology
The Swedish CPI is calculated monthly by Statistics Sweden based on a survey of prices for a representative sample of consumer items.
Historical Context
Central banks and policymakers closely monitor the Swedish CPI to assess the country's economic health and make informed decisions on interest rates and other policies.
Key Facts
- The CPI is Sweden's primary measure of inflation.
- The index is published monthly by Statistics Sweden.
- The CPI basket includes over 1,000 consumer goods and services.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: All Items: Total for Sweden measures the average change in prices paid by consumers for a basket of goods and services in Sweden.
Q: Why is this trend relevant for users or analysts?
A: The Swedish CPI is a key economic indicator used to track inflation, guide monetary policy, and assess the overall health of the Swedish economy.
Q: How is this data collected or calculated?
A: The Swedish CPI is calculated monthly by Statistics Sweden based on a survey of prices for a representative sample of consumer items.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor the Swedish CPI to make informed decisions on interest rates and other policies aimed at maintaining price stability and economic growth.
Q: Are there update delays or limitations?
A: The Swedish CPI is published monthly with a short delay, providing timely data on price movements in the Swedish economy.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Sweden (SWECPALTT01IXNBQ), retrieved from FRED.