Producer Prices Index: Type of goods: Durable consumer goods: Domestic for Sweden
SWEPITGCD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.45
Year-over-Year Change
-139.58%
Date Range
1/1/1991 - 12/1/2020
Summary
The Producer Prices Index for Durable Consumer Goods in Sweden measures the wholesale prices of domestically produced durable consumer products. This indicator provides insight into inflationary pressures and industrial supply chain dynamics.
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 Producer Prices Index tracks the selling prices received by domestic producers for their output. The Durable Consumer Goods component focuses specifically on the wholesale prices of long-lasting manufactured products intended for household use, such as appliances, furniture, and electronics.
Methodology
Data is collected through surveys of domestic producers and compiled by Statistics Sweden.
Historical Context
This index is closely monitored by policymakers and economists to assess Sweden's industrial competitiveness and inflationary trends.
Key Facts
- The index has a base year of 2015.
- Durable consumer goods account for around 20% of Sweden's total producer price index.
- Prices for durable goods have risen at a slower pace than overall producer prices in recent years.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Durable Consumer Goods in Sweden measures the wholesale prices received by domestic producers for long-lasting manufactured products intended for household use.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and industrial supply chain dynamics, which are closely monitored by policymakers and economists to assess Sweden's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and compiled by Statistics Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary trends and the competitiveness of Sweden's industrial sector.
Q: Are there update delays or limitations?
A: The index is updated monthly with a relatively short delay, providing timely information on producer price dynamics.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of goods: Durable consumer goods: Domestic for Sweden (SWEPITGCD02GYM), retrieved from FRED.