Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for Norway
CP0122NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.90
Year-over-Year Change
2.13%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Mineral Waters, Soft Drinks, Fruit and Vegetable Juices in Norway measures changes in the prices of these beverages. It is a key indicator of consumer inflation and purchasing power in the Norwegian market.
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 the prices of a basket of non-alcoholic beverage products, including mineral waters, carbonated soft drinks, and fruit and vegetable juices. It is part of the broader Harmonized Index of Consumer Prices (HICP), which is the standard measure of inflation across the European Union.
Methodology
The data is collected through regular price surveys of retailers and service providers across Norway.
Historical Context
Policymakers and analysts use this index to gauge inflationary pressures and consumer demand in the Norwegian economy.
Key Facts
- The index has a base year of 2015 = 100.
- Prices are collected from over 20,000 retail and service locations across Norway.
- The index is published monthly by Eurostat, the European Union's statistical agency.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a basket of non-alcoholic beverages, including mineral waters, soft drinks, and fruit and vegetable juices, in Norway.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer inflation and purchasing power in the Norwegian market, providing insights into pricing pressures and consumer demand for these types of beverages.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of retailers and service providers across Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge inflationary pressures and consumer demand in the Norwegian economy, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for Norway (CP0122NOM086NEST), retrieved from FRED.