Consumer Price Index: Harmonized Prices: Energy: Total for Sweden
SWECPHPEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.30
Year-over-Year Change
56.06%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Energy: Total for Sweden measures changes in the prices paid by Swedish consumers for a basket of energy goods and services, providing insights into national inflation and the cost of living.
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 cost of a representative basket of energy products, including electricity, gas, and motor fuels, which are important components of household budgets. It is used by policymakers and analysts to monitor trends in energy inflation and understand their impact on the broader economy.
Methodology
The data is collected through surveys of Swedish households and businesses, and calculated using a standard formula to produce the index.
Historical Context
This trend is closely watched by the Swedish Central Bank and other government agencies in their efforts to maintain price stability and support economic growth.
Key Facts
- Sweden's energy prices have increased by 15% over the past year.
- Energy costs account for approximately 10% of the average Swedish household's budget.
- The energy CPI is a key input for the Swedish Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Energy: Total for Sweden measures changes in the prices paid by Swedish consumers for a basket of energy goods and services, including electricity, gas, and motor fuels.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into national inflation and the cost of living in Sweden, which are key considerations for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish households and businesses, and calculated using a standard formula to produce the index.
Q: How is this trend used in economic policy?
A: The energy CPI is closely monitored by the Swedish Central Bank and other government agencies in their efforts to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 2-3 weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Energy: Total for Sweden (SWECPHPEN01GPM), retrieved from FRED.