Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Sweden
SWECPHP0600GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
0.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Sweden measures the changes in prices for a basket of health-related goods and services in Sweden. This provides insight into Swedish consumer health spending and inflationary pressures.
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 SWECPHP0600GPM series tracks the overall price changes for a comprehensive set of health-related products and services in Sweden, including medical services, pharmaceuticals, and medical equipment. This index is used to assess cost-of-living adjustments and evaluate the health component of Sweden's consumer price inflation.
Methodology
The data is collected through surveys of Swedish consumers and businesses and calculated using a weighted average of price changes.
Historical Context
This health-focused CPI is valuable for Swedish policymakers, central bankers, and market analysts in understanding consumer health spending trends and inflation dynamics.
Key Facts
- The health component accounts for around 5% of Sweden's overall consumer price index.
- Health prices in Sweden have risen at a slower rate than the overall CPI in recent years.
- Prescription drug prices are a key driver of changes in the Swedish health CPI.
FAQs
Q: What does this economic trend measure?
A: The SWECPHP0600GPM series tracks changes in prices for a basket of health-related goods and services in Sweden, including medical care, pharmaceuticals, and medical equipment.
Q: Why is this trend relevant for users or analysts?
A: This health-focused CPI provides insight into consumer health spending patterns and inflationary pressures in the Swedish economy, which is valuable information for policymakers, central bankers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish consumers and businesses and calculated using a weighted average of price changes for the health-related items in the CPI basket.
Q: How is this trend used in economic policy?
A: The Swedish health CPI is used to assess cost-of-living adjustments and evaluate the health component of overall consumer price inflation, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The SWECPHP0600GPM series is published monthly with a short lag, providing timely data on Swedish health price trends.
Related Trends
Bank Capital to Total Assets for Sweden
DDSI03SEA156NWDB
Harmonized Index of Consumer Prices: Communications for Sweden
CP0800SEM086NEST
Labor Compensation: Earnings: Manufacturing: Hourly for Sweden
LCEAMN01SEM657S
Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for Sweden
00XESESEM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Sweden
SWECPHP0100GYM
Harmonized Index of Consumer Prices: Pharmaceutical Products for Sweden
CP0611SEM086NEST
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Sweden (SWECPHP0600GPM), retrieved from FRED.