Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Sweden
SWECPICORAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.36
Year-over-Year Change
30.05%
Date Range
1/1/1970 - 1/1/2024
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy for Sweden measures changes in the prices of consumer goods and services, excluding food and energy, providing a key indicator of underlying inflationary pressures 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 CPI for All Items Non-Food Non-Energy is a widely used economic indicator that tracks changes in the prices of a basket of consumer goods and services in Sweden, excluding the volatile food and energy sectors. This metric is important for economists and policymakers to understand core inflationary trends and evaluate the effectiveness of monetary and fiscal policies.
Methodology
The data is collected through surveys of retail prices and calculated using a Laspeyres price index formula.
Historical Context
This CPI index is a crucial input for the Riksbank, Sweden's central bank, in setting monetary policy to maintain price stability.
Key Facts
- Sweden's CPI for All Items Non-Food Non-Energy uses 2015 as the base year.
- This index excludes volatile food and energy prices to better reflect underlying inflationary pressures.
- The Riksbank targets an annual CPI inflation rate of 2% as part of its monetary policy framework.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items Non-Food Non-Energy for Sweden measures changes in the prices of consumer goods and services, excluding food and energy, providing a key indicator of underlying inflationary pressures in the Swedish economy.
Q: Why is this trend relevant for users or analysts?
A: This CPI index is an important metric for economists and policymakers to understand core inflationary trends and evaluate the effectiveness of monetary and fiscal policies in Sweden.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated using a Laspeyres price index formula.
Q: How is this trend used in economic policy?
A: The Riksbank, Sweden's central bank, uses this CPI index as a crucial input in setting monetary policy to maintain price stability in the Swedish economy.
Q: Are there update delays or limitations?
A: There may be a short delay in the release of the latest CPI data, but the Riksbank and other institutions provide timely access to this economic indicator.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Sweden (SWECPICORAINMEI), retrieved from FRED.