Consumer Price Index: Food for Sweden
SWECPIFODQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.92
Year-over-Year Change
5.90%
Date Range
4/1/1956 - 1/1/2018
Summary
The Consumer Price Index: Food for Sweden measures the changes in the prices of food and non-alcoholic beverages purchased by Swedish households over time. It is a key indicator for monitoring inflationary pressures and consumer spending 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 Consumer Price Index: Food for Sweden is a subcomponent of the broader Consumer Price Index (CPI), which tracks the prices of a basket of consumer goods and services. The food and non-alcoholic beverages category represents a significant portion of household expenditures, making the Food CPI an important economic indicator.
Methodology
The data is collected by Statistics Sweden through regular surveys of retail prices.
Historical Context
Policymakers and economists analyze the Food CPI to assess the overall cost of living and inflationary trends in Sweden.
Key Facts
- The Food CPI is a subcomponent of the broader Swedish Consumer Price Index.
- Food and non-alcoholic beverages account for a significant portion of household spending in Sweden.
- The Food CPI is a key indicator used by policymakers to monitor inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Food for Sweden measures the changes in the prices of food and non-alcoholic beverages purchased by Swedish households.
Q: Why is this trend relevant for users or analysts?
A: The Food CPI is an important indicator for monitoring inflationary pressures and consumer spending in the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Sweden through regular surveys of retail prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze the Food CPI to assess the overall cost of living and inflationary trends in Sweden.
Q: Are there update delays or limitations?
A: The Food CPI data is published regularly by Statistics Sweden, with typical update delays of a few weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food for Sweden (SWECPIFODQINMEI), retrieved from FRED.