Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Sweden
SWECPHP1000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.60
Year-over-Year Change
-200.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Sweden measures changes in the prices paid by Swedish consumers for a basket of educational goods and services.
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 index is a key indicator of inflation in the Swedish education sector, and is used by policymakers, economists, and market analysts to track cost-of-living trends and evaluate the effectiveness of monetary and fiscal policies.
Methodology
The data is collected through a national survey of consumer prices and calculated using a Laspeyres index formula.
Historical Context
The education component of the CPI is an important input for Swedish government budget planning and education funding decisions.
Key Facts
- Sweden's education CPI has risen by an average of 2.5% annually over the past decade.
- The education component accounts for approximately 5% of the total Swedish CPI basket.
- Policymakers use the education CPI to adjust student loan interest rates and funding formulas.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Sweden measures changes in the prices paid by Swedish consumers for a basket of educational goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation in the Swedish education sector and is used by policymakers, economists, and market analysts to track cost-of-living trends and evaluate the effectiveness of monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer prices and calculated using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: The education component of the CPI is an important input for Swedish government budget planning and education funding decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Sweden (SWECPHP1000GPM), retrieved from FRED.