Harmonized Index of Consumer Prices: Fish and Seafood for Norway
CP0113NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175.80
Year-over-Year Change
2.93%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Fish and Seafood in Norway measures price changes over time for a basket of fish and seafood products. This indicator is important for monitoring inflation and consumer purchasing power 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 HICP for Fish and Seafood in Norway is a component of the broader HICP, which is the standard measure of consumer price inflation in the European Union. It tracks the prices of a representative basket of fish and seafood goods purchased by Norwegian households.
Methodology
The data is collected through surveys of retailers and service providers across Norway.
Historical Context
The HICP for Fish and Seafood is used by policymakers and analysts to understand broader trends in Norwegian consumer prices and cost of living.
Key Facts
- The HICP for Fish and Seafood is a component of the overall HICP index in Norway.
- Fish and seafood account for approximately 2.3% of the total Norwegian consumer price basket.
- Norway is one of the world's largest producers and exporters of seafood products.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Fish and Seafood in Norway measures price changes over time for a basket of fish and seafood products purchased by Norwegian consumers.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for monitoring inflation and consumer purchasing power in the Norwegian economy, as fish and seafood are a significant component of household spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Norway.
Q: How is this trend used in economic policy?
A: The HICP for Fish and Seafood is used by policymakers and analysts to understand broader trends in Norwegian consumer prices and cost of living, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Fish and Seafood for Norway (CP0113NOM086NEST), retrieved from FRED.