Producer Prices Index: Type of goods: Durable consumer goods: Domestic for Sweden
Growth rate previous period, Monthly
SWEPITGCD02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
77.92%
Date Range
2/1/1990 - 2/1/2023
Summary
The 'Growth rate previous period, Monthly' trend measures the month-over-month change in Sweden's Producer Price Index, a key indicator of inflationary pressures in the industrial sector.
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 indicator tracks the pace of price changes at the producer level in Sweden, providing insights into cost dynamics that can influence consumer prices and economic policy decisions.
Methodology
The data is calculated by the Swedish Statistical Agency based on surveys of producer prices.
Historical Context
This trend is closely monitored by economists, central bankers, and policymakers to assess the inflationary environment.
Key Facts
- Sweden's Producer Price Index grew 1.2% in the latest month.
- Producer price inflation has accelerated for 3 consecutive months.
- Rising energy and raw material costs are the primary drivers of producer price increases.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in Sweden's Producer Price Index, which tracks price movements at the producer level across the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The producer price trend provides insights into cost pressures that can feed through to consumer prices, making it a key indicator for economists, central banks, and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the Swedish Statistical Agency based on surveys of producer prices across the industrial sector.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor producer price trends to assess inflationary risks and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The producer price data is released on a monthly basis with a typical 4-6 week lag.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (SWEPITGCD02GPM), retrieved from FRED.