Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Sweden
Index Eurostat base
SWECPHP0600IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.75
Year-over-Year Change
5.81%
Date Range
1/1/1996 - 11/1/2023
Summary
The Index Eurostat base tracks the price changes of a basket of consumer goods and services in Sweden. It serves as a key indicator of inflation and cost-of-living trends in 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
The Index Eurostat base is a harmonized index of consumer prices (HICP) published by Eurostat, the statistical office of the European Union. It measures the changes in the prices paid by Swedish households for a representative basket of consumer items, providing a standardized measure of inflation in Sweden.
Methodology
The data is collected through surveys of retail prices and compiled using a consistent methodology across the EU.
Historical Context
The Index Eurostat base is used by policymakers, economists, and financial analysts to monitor Swedish economic conditions and inform decisions on monetary policy and consumer spending.
Key Facts
- The base year for the index is 2015 = 100.
- The index tracks over 300 consumer goods and services.
- Sweden's Index Eurostat base reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Index Eurostat base measures the changes in the prices paid by Swedish households for a representative basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of inflation and cost-of-living trends in Sweden, providing important information for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and compiled using a consistent methodology across the European Union.
Q: How is this trend used in economic policy?
A: The Index Eurostat base is used by the Swedish government and central bank to monitor economic conditions and inform decisions on monetary policy and consumer spending.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with a typical delay of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Index Eurostat base (SWECPHP0600IXEBM), retrieved from FRED.