Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Norway
CP0121NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.70
Year-over-Year Change
20.97%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Norway tracks the prices of these key consumer goods over time, providing insights into inflationary pressures and consumer 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
This index measures the changes in the retail prices of coffee, tea, and cocoa products in Norway. It is a key indicator of the cost of living and an important input for economic analysis and policy decisions.
Methodology
The data is collected through surveys of retail establishments and calculated according to Eurostat's harmonized methodology.
Historical Context
Policymakers and analysts use this index to assess inflationary trends and the impact on household budgets.
Key Facts
- Norway's coffee, tea, and cocoa prices account for over 1% of the total consumer price index.
- Prices for these products have risen by an average of 2.5% annually over the past decade.
- The index is released monthly by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: This index tracks the retail prices of coffee, tea, and cocoa products in Norway, providing insights into inflationary pressures for these key consumer goods.
Q: Why is this trend relevant for users or analysts?
A: The Harmonized Index of Consumer Prices for coffee, tea, and cocoa is an important indicator of the cost of living and household purchasing power in Norway.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated according to Eurostat's harmonized methodology for consumer price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess inflationary trends and the impact on household budgets, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is released monthly by Eurostat with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Norway (CP0121NOM086NEST), retrieved from FRED.