Harmonized Index of Consumer Prices: Vegetables for Norway
CP0117NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.60
Year-over-Year Change
5.06%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Vegetables for Norway measures the price changes of vegetable products purchased by Norwegian consumers. This metric is crucial for economists and policymakers to understand inflation trends and household purchasing power.
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 Vegetables component tracks price movements for a basket of fresh and processed vegetable products. This data series is widely used to assess cost-of-living changes and inform monetary policy decisions.
Methodology
The HICP data is collected through household surveys and point-of-sale information by Norway's statistical agency.
Historical Context
Policymakers at the Norwegian Central Bank closely monitor the HICP Vegetables index to gauge inflationary pressures and consumer demand.
Key Facts
- Norway's HICP Vegetables index has a base year of 2015.
- Vegetable prices account for around 3% of the total Norwegian HICP basket.
- The index is published monthly by Norway's statistics agency.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Vegetables for Norway tracks the price changes of vegetable products purchased by Norwegian consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding overall inflation trends and household purchasing power in Norway. It informs monetary policy decisions by the Norwegian Central Bank.
Q: How is this data collected or calculated?
A: The HICP data is collected through household surveys and point-of-sale information by Norway's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers at the Norwegian Central Bank closely monitor the HICP Vegetables index to gauge inflationary pressures and consumer demand.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Vegetables for Norway (CP0117NOM086NEST), retrieved from FRED.