Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Norway
00XE00NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.90
Year-over-Year Change
2.95%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Norway measures the changes in consumer prices in Norway, excluding energy costs. This metric is closely watched by policymakers and economists to assess inflationary pressures in the Norwegian 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union countries. The 'Overall Index Excluding Energy' variant removes the volatile energy component to provide a cleaner signal of underlying price trends in Norway.
Methodology
The data is collected through consumer surveys and retail price observations by Statistics Norway.
Historical Context
The HICP ex-energy index is a key input for the monetary policy decisions of Norges Bank, Norway's central bank.
Key Facts
- Norway's HICP ex-energy has averaged 2.1% annual growth over the past decade.
- The index reached a high of 3.7% in 2008 and a low of 0.2% in 2020.
- Energy costs make up around 10% of the total Norwegian consumer price basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Norway measures changes in consumer prices in Norway, excluding volatile energy costs.
Q: Why is this trend relevant for users or analysts?
A: This index provides a cleaner signal of underlying inflationary pressures in the Norwegian economy, which is essential for policymakers and economists analyzing the nation's macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations by Statistics Norway.
Q: How is this trend used in economic policy?
A: The HICP ex-energy index is a key input for the monetary policy decisions of Norges Bank, Norway's central bank.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Norway (00XE00NOM086NEST), retrieved from FRED.