Consumer Price Index: Harmonized Prices: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Sweden
SWECPHP0500IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.94
Year-over-Year Change
4.08%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Sweden measures the price changes of household furnishings, equipment, and maintenance services in Sweden.
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 harmonized consumer price index for a broad basket of household goods and services in Sweden. It is a key measure of inflation and consumer purchasing power, helping policymakers and analysts assess the overall cost of living.
Methodology
The data is collected through surveys of consumer spending and prices by Sweden's national statistical agency.
Historical Context
This index is widely used to understand Sweden's economic conditions and guide fiscal and monetary policy decisions.
Key Facts
- The index has a base year of 2015.
- Household furnishings account for over 6% of the Swedish CPI basket.
- Prices have risen by an average of 2.1% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices paid by Swedish consumers for a variety of household furnishings, equipment, and maintenance services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into household spending and inflationary pressures, which are crucial for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Sweden's national statistics agency.
Q: How is this trend used in economic policy?
A: Central banks and policymakers monitor this index to assess overall inflation and the cost of living, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and the index covers a comprehensive but not exhaustive set of household items.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Sweden (SWECPHP0500IXEBM), retrieved from FRED.