Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Norway
00XEFDNOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.60
Year-over-Year Change
2.44%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Norway measures core inflationary pressures in the Norwegian economy, which is crucial for economic policymakers.
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 index tracks changes in the prices of a basket of consumer goods and services in Norway, excluding volatile energy, food, alcohol, and tobacco items. It provides a more stable measure of underlying inflation trends compared to the headline consumer price index.
Methodology
The data is collected through surveys of consumer expenditures and prices by Statistics Norway.
Historical Context
Central banks and analysts use this index to assess broader inflationary dynamics and inform monetary policy decisions.
Key Facts
- The index excludes volatile food and energy prices.
- It uses a common methodology across European countries.
- The index is a key input for the European Central Bank's monetary policy
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a basket of consumer goods and services in Norway, excluding volatile energy, food, alcohol, and tobacco items.
Q: Why is this trend relevant for users or analysts?
A: This core inflation measure provides a more stable and reliable indicator of underlying price pressures in the Norwegian economy, which is crucial for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Statistics Norway.
Q: How is this trend used in economic policy?
A: Central banks and analysts use this index to assess broader inflationary dynamics and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a short delay, providing timely information on core inflationary pressures in Norway.
Related Trends
Infra-Annual Labor Statistics: Unemployment Female: From 25 to 54 Years for Norway
LFUN25FENOA647S
Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for Norway
SERVRPNOM086NEST
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Norway
LRUN64TTNOQ156S
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Norway
NORCP020000IXNBQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Norway
LRAC24MANOQ156S
Population (LFS Basis): All Ages: All Persons for Norway
LFPOTTTTNOQ647S
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Norway (00XEFDNOM086NEST), retrieved from FRED.